Altra Industrial Motion Completes Acquisition Of Svendborg Brakes
Braintree, Mass. (Manufacturing.net) — 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.