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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 is a global designer, producer and marketer of a range of electromechanical power transmission motion control products. Co.'s technologies are used in various motion related applications and across a variety of high-volume manufacturing and non-manufacturing processes. Co. consists of two business segments: Power Transmission Technologies (PTT) and Automation and Specialty (A&S). Co.'s PTT segment includes the following primary product offerings: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. Co.'s A&S segment consists of the following primary brands: Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems.
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