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Rexnord buys Centa, adding $100m of couplings revenues

09 January, 2018

The American power transmission and water management corporation, Rexnord, is buying the German mechanical couplings manufacturer, Centa Power Transmission (Centa Antriebe Kirschey), for an undisclosed sum. The deal, which is expected to close by the end of February, will add about $100m of revenues to Rexnord’s existing $1.9bn.

“Centa is a business that we have long thought would be an outstanding fit with Rexnord and we are very excited to come to an agreement to make that a reality,” says Todd Adams, Rexnord’s president and chief executive officer. “We expect to drive considerable revenue and cost synergies as the business is integrated into Rexnord and believe the complementary product portfolio opens up multiple growth opportunities for us.”

“With the mission-critical nature of the applications in which most of Centa’s products are used, we believe there is a substantial opportunity to bring our DiRXN digital productivity platform and connected products capabilities to create even more value for Centa’s long-standing and impressive customer relationships,” adds Rexnord group executive, Kevin Zaba, who is president of Rexnord’s Process & Motion Control platform.

Centa, headquartered in Haan, Germany, manufactures engineered flexible couplings and drive shafts for industrial, marine, rail and power generation applications. It has about 450 employees worldwide, and subsidiaries in ten countries, including the UK.

Centa has been solving complex drive train and torsional vibration problems since 1970. Its couplings, which span ratings from 10Nm to 20MNm, are mainly used for diesel-driven applications, where they dampen the torsional vibrations of the engine.

Centa has sold millions of its engineered couplings around the world

Rexnord, headquartered in Milwaukee, Wisconsin, consists of two strategic platforms – Process & Motion Control and Water Management – and has about 8,000 employees worldwide. The Process & Motion Control business designs, manufactures, markets and services engineered mechanical components used in complex systems. The Water Management business designs, procures, manufactures and sells products that provide and enhance water quality, safety, flow control and conservation.

Rexnord has recently completed a $30m restructuring.

Rexnord CEO Kevin Zaba expects the Centa acquisition “to drive considerable revenue and cost synergies as the business is integrated” and believes that “the complementary product portfolio opens up multiple growth opportunities for us.”

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