ABB sells Baldor’s generator-set business to Generac Holdings Inc.
ABB announced they have signed an agreement to sell all assets of Baldor’s generator-set business to Generac Holdings Inc. (NYSE:GNRC, “Generac”) – a leading producer of generators and other engine-powered products with the headquarters in Waukesha, Wisconsin, the US. The terms of the transaction, expected to close in the fourth quarter of 2013, were not disclosed.