Dodge Mechanical Power Transmission Company located in Greenville, South Carolina, is a manufacturer of large speed reducers and gear boxes for mining, grain handling, rock handling, baggage handling, and other heavy industries. The company employs approximately 580 people.

ABB has completed the divestment of its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated (Nasdaq: ROLL), for $2.9 billion in cash. With the divestment, ABB has completed the first of the three previously announced exits from divisions.

ABB today announced it has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated (Nasdaq: ROLL), for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered, performance-critical bearings and motion control components.

ABB offers the complete line of Dodge mounted bearings, enclosed gearing, couplings, pulleys and belted drives, all engineered and manufactured to perform reliably with less maintenance. Dodge products feature industry leading patented sealing technology that provides extended life in both harsh duty and sanitary washdown applications.