Altra acquires Stromag

Altra Industrial Motion, a global manufacturer and marketer of electromechanical power transmission and motion control products, has closed on the acquisition of the Stromag clutch and brake business from GKN

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Stromag generated approximately 131 million (US$138 million) in revenue in 2015, and, according to Altra, the acquisition is anticipated to be accretive to its earnings in 2017, excluding any one-time