Cemp News

US-based manufacturer of electric motors, mechanical and electrical motion controls and power generation products, Regal Beloit, has closed on the acquisition of Cemp, s.r.l., a European manufacturer of hazardous duty motors primarily for oil and gas and marine applications. Regal inform that for 2014 and 2015, Cemp is anticipated to be accretive to earnings per share by $0.03 to $0.05 and $0.06 to $0.08, respectively. Regal's fourth quarter 2013 earnings guidance provided in an earlier earnings release did not include the anticipated results of this acquisition.

Tano Capital, LLC has invested $15m in Mumbai-based ABG Motors, a newly created arm of ABG Engineering & Construction, through its affiliate in a private equity transaction. ABG Motors is part of India’s largest private sector shipbuilder, ABG Shipyards, which is owned by entrepreneur Rishi Agarwal. ABG Motors applied the $15 million investment towards its $37m acquisition of Cemp, an Italian manufacturer of flameproof electric motors. ABG Motors will also use some of the proceeds to finance a manufacturing facility for Cemp in Bangalore. The Italian acquisition is partly leveraged with debt coming from Italy’s Interbanker. The deal is unique in that Tano Capital acted both as a private equity investor and as a merchant banker.