# Fortive commences exchange offer to split off Automation & Specialty business for combination with Altra

Fortive Corporation commenced an exchange offer to split off its Automation & Specialty platform (excluding Hengstler and Dynapar) and combine it with Altra Industrial Motion Corp. Fortive stockholders can exchange shares for Newco stock, which will convert into Altra common stock.

- Type: Acquisition
- Announced: 2018-08-28
- Where: Braintree, Massachusetts, United States
- Value: $3.00B
- Status: announced
- Products: automation and specialty equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Fortive](https://endata.com/companies/2932.md)
- [Altra Industrial Motion](https://endata.com/companies/1747.md) (acquirer)
- [Fortive](https://endata.com/companies/2932.md) (target)
- [Kollmorgen](https://endata.com/companies/19100.md) (target)
- [Thomson](https://endata.com/companies/19101.md) (target)
- [Portescap](https://endata.com/companies/19102.md) (target)
- [Jacobs Vehicle Systems](https://endata.com/companies/19103.md) (target)

## Sources

- [investors.fortive.com](https://investors.fortive.com/news-events/press-releases/detail/168/fortive-commences-split-off-exchange-offer-for-its-automation-and-specialty-business-in-connection-with-altra-transaction), 2018-08-28: "Fortive Corporation announced today that it has commenced an exchange offer related to the split-off of its Automation & Specialty platform (excluding Fortive’s Hengstler and Dynapar businesses) (the “A&S Business”)."
- [nasdaq.com](https://www.nasdaq.com/articles/altra-industrials-unit-to-merge-with-fortives-as-business-2018-09-25), 2018-09-25: "The business collaboration - structured to be tax-free for shareholders of both Altra Industrial and Fortive - has been valued at $3 billion."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1374535/000119312518289671/d632961dex991.htm), 2018-10-01: "We are pleased to complete this combination and move forward as a premier industrial company with leading positions across key markets."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1374535/000119312518289671/d632961d8k.htm), 2018-10-01: "On October 1, 2018, Altra Industrial Motion Corp. and Fortive Corporation announced that they had consummated the previously announced combination of Altra with four operating companies from Fortive’s Automation & Specialty platform."

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