Altra Industrial Motion Corp., Braintree, Mass., is acquiring GKN Stromag, a business of GKN Land Systems that supplies brakes, specialized clutches and flexible couplings to agricultural, construction and industrial machinery manufacturers.
The deal, which is expected to complete the usual formalities in the first quarter of 2017, will complement Altra’s existing activities in the OEM supply market, says Carl Christenson, chairman and CEO. “The acquisition of Stromag will provide complementary products, greater presence in key…
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