Altra Industrial Motion Completes Acquisition Of Svendborg Brakes

Wed, 12/18/2013 - 3:14pm

Braintree, Mass. ( — Altra Industrial Motion Corp. (Nasdaq: AIMC) today announced the closure of its acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS, which manufacturing caliper brakes. Headquartered in Vejstrup, Denmark, Svendborg services a number of industrial markets, including oil and gas, mining, metals, material handling and more.

Carl Christenson, Altra’s president and CEO, said in a statement: “Svendborg is a leading brand that provides Altra with new technology and access to a number of new geographic regions. This acquisition presents a number of new opportunities to help drive our top-line and bottom-line growth, and we are excited to deliver on this key part of our growth strategy.”

Through its subsidiaries, Altra designs and manufactures a wide range of electromechanical power transmission products. Svendborg will join a long list of affiliated firms, which includes Wichita Clutch, Industrial Clutch, Twiflex Limited, Formsprag Clutch, Marland Clutch and Stieber Clutch and more.


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.