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…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
