Altra Industrial Motion (AIMC) to Acquire GKN's Stromag
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Altra Agrees to Acquire Stromag
October 21, 2016 8:38 AM EDTProvides Complementary Products, End Markets and Geographies
Expected to be Accretive in First 12 Months of Operations
BRAINTREE, Mass., Oct. 21, 2016 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ: AIMC), a global manufacturer and marketer of electromechanical power transmission and motion control products, today announced that it intends to acquire the Stromag business from GKN plc. Stromag generated approximately 131 million euros in revenue in 2015, and the acquisition is anticipated to be accretive to Altras earnings in 2017, excluding any one-time or... More
