next 18 months that is affecting over 200 employees. Regal Beloit acquired Power Transmission Solutions business (PTS) from Emerson Electric Co. for approximately $1.4 billion — $1.4 billion in cash plus $40 million of assumed liabilities, effective from Jan 30th, 2015. The business manufactures, sells and services bearings, couplings, gearing, drive components, and conveyor systems under brands including Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, Sealmaster and System Plast. With annual revenues of approximately $600 million, PTS has over 3,000 employees around the world. PTS will become part of Regal's newly defined Power Transmission segment. In 2019, Regal Beloit America announced it would be closing its Durst Power Transmission plant in Shopiere, WI. The closure started on January 31, 2020, affected approximately 60 employees. In October 2021, Regal Beloit Corporation completed its merger with Rexnord Corporation, creating Regal Rexnord Corporation. In November 2021, Regal Rexnord closes on $297M acquisition of Arrowhead Systems LLC, which has Wisconsin operations in Randolph and Oshkosh. In October 2022, the company announced its intent to buy its rival Altra Industrial Motion for about $5billion including debt. Marathon Electric Motors (India) Limited Marathon Electric Kolkata started its journey as GEC UK, after the European Union was formed GEC of UK and Alsthom of France merged to form GEC Alsthom, then this Company became Alstom. In 2007, Regal Rexnord Corporation of USA acquired Alstom India's Motor & Fan business and was named "Marathon Electric Motors India Limited". Marathon Kolkata manufactures both LT induction & Large HT induction motors for domestic, commercial & industrial segments. These motors are available as per industry requirements of the safe area and hazardous area applications. Marathon also makes axial, propeller & centrifugal Industrial Fans. Marathon Electric Motors has the following manufacturing facilities Kolkata works for HT & LT motors Ahmedabad works for LT motors Additionally, Marathon India has 2 "global technology centers" one in Hyderabad and another in Pune and one manufacturing facility for FHP & LT motors located in Faridabad Global Technology Centre - India (GTCI) Located in Hyderabad and Pune, GTCI is Engineering and Info-Tech hub, where Engineering and IT teams operate in collaboration with worldwide Regal Rexnord centers. Hyderabad GTCI Established in August 2005 & Pune GTCI in July 2015. These centers are global R & D support arms for the Regal Rexnord Corporation. References Companies listed on the New York Stock Exchange Manufacturing companies established in 1955 Beloit, Wisconsin