# Altra Industrial Motion completes acquisition of Stromag from GKN

Altra Industrial Motion closed the acquisition of the Stromag business from GKN plc on December 30, 2016. The acquisition cost included assumption of €14 million debt and €184 million cash consideration.

- Type: Acquisition
- Announced: 2016-12-30
- Value: $208.0M (198.0M EUR)
- Status: completed
- Products: clutches, brakes, torsional couplings, limit switches, friction discs
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Altra Industrial Motion](https://endata.com/companies/1747.md) (acquirer)
- [GKN plc](https://endata.com/companies/2944.md) (target)
- [Stromag](https://endata.com/companies/16575.md) (target)

## Sources

- [newyork.citybuzz.co](https://newyork.citybuzz.co/article/394566/altra-completes-stromag-acquisition), 2017-01-03: "Altra Industrial Motion Corp. today announced that on December 30, 2016 it closed on the acquisition of the Stromag business from GKN plc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.