ABB Ltd acquired Baldor Electric Company for $4.2 billion (including $1.1 billion of net debt), a transaction completed in January 2011, structured as all cash (tender offer).
Baldor Electric Company operates in Motion / industrial electric motors, is based in Fort Smith, Arkansas, United States. Baldor Electric is a North American leader in industrial electric motors, mechanical power transmission products and drives, headquartered in Fort Smith, Arkansas. ABB acquired the company through an all-cash tender offer valued at $4.2 billion including roughly $1.1 billion of assumed net debt. On completion, Baldor shares ceased trading on the New York Stock Exchange.
The deal made ABB a leader in the North American industrial motors market and a global leader in movement and control for industrial applications, adding a well-known US brand and distribution reach.
Advisory firms were not disclosed for this transaction.