Press Release July 26, 2021

RBC Bearings to Acquire ABB’s DODGE Mechanical Power Transmission Business For $2.9 Billion

The Mergers & Acquisitions team advised RBC Bearings Incorporated (Nasdaq: ROLL) in its definitive agreement to acquire the DODGE mechanical power transmission division of ABB Ltd for $2.9 billion in cash, subject to customary purchase price adjustments.

RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings and components.

DODGE is a leading manufacturer of mounted bearings and mechanical products with market-leading brand recognition. DODGE manufactures a complete line of mounted bearings, enclosed gearing and power transmission components across a diverse set of industrial end markets.

The Goodwin team was led by Joshua Zachariah, Jean Lee and James Ding and included Pablo Hernandez Romero, Thomas Jackson, Jacob Osborn, Amy Josselyn, Nathan Brodeur, Jacqueline Klosek, Andrew Lacy, Simone Waterbury, Brady Cummins, Steven Clemens, Christina Bouchot, Lynda Galligan, Andy Barton, Rahat Tariq, Emilie Pfister, James Riley, JB Schiller, Andrew Sucoff and Edward Faison, with invaluable assistance from Nancy Pino, Savannah Dowling, David Gallop, Nicole Osunsanmi and Robert Brownlie.

For additional details on the transaction, please read the press release.