Altra Industrial Motion to combine with Fortive's Automation & Specialty platform

Altra Industrial Motion Corp announced a definitive agreement to combine with four operating companies from Fortive's Automation and Specialty platform (Kollmorgen, Thomson, Portescap, Jacobs Vehicle Systems) in a transaction valued at approximately $3.0 billion.

“As a result of this transaction, Altra will significantly expand its position across the technology spectrum by bringing together its strong mechanical and electronic capabilities in engineered power transmission.”sec.gov

• 3 sources
• sec.govEX-99.1Mar 7, 2018
• sec.govEX-99.1Mar 7, 2018
• reuters.comAltra Industrial to buy Fortive units in $3 billion dealMar 7, 2018

Summarized from public sources; check the original articles before acting on it.