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Rexnord adds Indian couplings firm to its portfolio
Rexnord is buying Euroflex Transmissions (India), which supplies high-performance disc couplings used in power generation, gas compression and industrial process machinery applications. Hyderabad-based Euroflex, which has annual revenues of around $16m, was formed in 1991 as a joint venture with UK-based Euroflex Transmissions.
“Rexnord is excited to add highly-engineered Euroflex products to our expanding portfolio of power transmission technologies,” says Kevin Zaba, president of Rexnord Power Transmission. “Euroflex expands our product offering into higher-speed, turbine-driven applications and accelerates our opportunities in the global power generation and energy markets.”
Euroflex has a growing base of original equipment manufacturers inside and outside India. It will support Rexnord’s strategies to accelerate growth by adding complementary products and expanding its global reach.
“While expanding Rexnord’s presence in an important developing economy, Euroflex also adds important lower-cost manufacturing capabilities,” says Sudhanshu Chhabra, Rexnord president and regional executive for India and the Middle East.
This is Rexnord’s second acquisition in less than a week. Earlier, it announced its acquisition of the Italian shaft-locking specialist, Tollok.
