Kirkland Represents ABB on Divestiture of Mechanical Power Transmission Division to RBC Bearings for $2.9 Billion

Kirkland & Ellis advised ABB (ABBN: SIX Swiss Ex), a leading global technology company, on the divestiture of its Dodge mechanical power transmission division to RBC Bearings Incorporated (Nasdaq: ROLL) for $2.9 billion. The combination will create a leading manufacturer of highly engineered, performance-critical bearings and motion control components. The transaction is expected to be completed by the end of the year 2021 and is subject to customary closing conditions.  
 
Read the transaction press release  
 
The Kirkland team was led by corporate partners Michael Brueck, Francisco Morales and Daniel Wolf and associate Aidan Murphy.