Rockwell Automation to Sell Parts of Dodge and Reliance Electric

Rockwell Automation Inc. announces plans to sell the company's Dodge mechanical and Reliance Electric motors and motor repair services businesses. These are producers of mechanical power transmission products and industrial motors, and are the principal businesses of the company's Power Systems reporting segment.

Rockwell Automation will retain the Reliance Electric and Reliance branded drives and related parts and services as an integral part of its global drives and customer service businesses.

The Dodge and Reliance Electric businesses, headquartered in Greenville, South Carolina, contribute substantially all of the revenue generated by Power Systems. For fiscal year 2006, this segment is forecasted to generate about $1 billion in revenue and segment operating margins of around 15%.

This transaction stems from Rockwell Automation's ongoing efforts to enhance shareowner value. The company does not expect this transaction to change its priorities for cash deployment, but will create an even greater focus on power and integrated control and information solutions to meet customers' business needs.

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