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Regal Beloit to acquire Emerson's Power Transmission Solutions business

Beloit, Wis.-based Regal Beloit Corp. has entered into a definitive agreement to acquire the Power Transmission Solutions (PTS) business of Emerson Electric Co.

PTS is a provider of highly engineered power transmission products and systems. The business manufactures, sells, and services bearings, couplings, gearing, drive components, and conveyer systems.