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Generac Closes on Acquisition of Ottomotores UK Limited

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WAUKESHA, Wis.--(BUSINESS WIRE)--

Generac Holdings Inc. (NYSE: GNRC), 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 (NYSE: GNRC)

Since 1959, Generac has been

See full press release

Posted-In: News Guidance Asset Sales Management M&A Global

 

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