Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sun., Apr. 18, 5:42 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #48. Altra Industrial Motion Corp. — Svendborg Brakes
Acquirer:
Altra Industrial Motion Corp. (NASDAQ:AIMC)
Acquiree:
Svendborg Brakes
Details:
Altra Industrial Motion Corp. (Nasdaq:AIMC) today announced that it has closed on the acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS (together "Svendborg"), the leading global manufacturer of premium quality caliper brakes. The acquisition is anticipated to be accretive to Altra's earnings in 2014 in the range of $0.10 to $0.15 per diluted share, excluding any one-time or acquisition-related costs.
Altra Industrial Motion designs, produces and markets electromechanical power transmission motion control products. Co.'s technologies are used in various motion related applications and across a variety of manufacturing and non-manufacturing processes. Co.'s segments include: Power Transmission Technologies, which provides various coupling products, clutches, brakes, electromagnetic clutches and brakes, and gears; and Automation and Specialty, which provides rotary precision motion solutions, miniature motors and motion control products, systems that enable and support the transition of rotary motion to linear motion, and diesel engine brake systems and valve actuation mechanisms.
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Avg. Broker Rec.
 
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Buy (3.20 out of 4) 40th percentile
(ranked lower than approx. 60% of all stocks covered)
Analysts' Target Price: AIMC Stock Forecast Based on Zacks ABR data; powered by Xignite |
