Altra Completes Acquisition of Svendborg Brakes

Altra  Industrial Motion Corp. has announced that it has  closed on the acquisition of Svendborg Brakes A/S and S.B. Patent  Holding ApS ...
December 19, 2013—Altra Industrial Motion Corp. has 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. "Svendborg is a leading brand that provides Altra with new technology and access to a number of new geographic regions," said Carl Christenson, Altra's president and CEO. "This acquisition presents a number of new opportunities to help drive our top-line and bottom-line growth, and we are excited to deliver on this key part of our growth strategy.”

Altra Industrial Motion
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