Generac Closes on Acquisition of Ottomotores UK Limited

WAUKESHA, Wis.--(BUSINESS WIRE)-- Generac Holdings Inc.

, a leading designer and manufacturer of back-up power generation products, today announced the closing of the definitive share purchase agreement to acquire all of the shares of Ottomotores UK Limited and its affiliates, which includes the operations of Ottomotores Mexico and Ottomotores Brazil (collectively “Ottomotores”). As previously disclosed in a press release dated November 20, 2012, the total purchase price paid for the acquisition was $46.5 million in cash, and is subject to certain net asset adjustments based on the closing balance sheet. The closing of the transaction occurred on Saturday, December 8, 2012. About Generac

Since 1959, Generac has been