# Regal Rexnord receives regulatory approvals for Altra Industrial Motion acquisition

Regal Rexnord Corporation has received all required regulatory approvals to complete its acquisition of Altra Industrial Motion Corp. The transaction is expected to close on or around March 27, 2023, with Altra becoming a wholly owned subsidiary of Regal Rexnord.

- Type: Acquisition
- Announced: 2023-03-22
- Where: United States
- Value: $4.95B
- Status: announced
- Products: industrial powertrain solutions, power transmission components, electric motors, electronic controls, motion control systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Altra Industrial Motion](https://endata.com/companies/1747.md) (target)
- [Regal Rexnord](https://endata.com/companies/58310.md) (acquirer)

## Sources

- [streetinsider.com](https://www.streetinsider.com/Globe+Newswire/Regal+Rexnord+and+Altra+Announce+Receipt+of+All+Required+Regulatory+Approvals+for+Merger/21407079.html), 2023-03-22: "Regal Rexnord Corporation and Altra Industrial Motion Corp. jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition"
- [investor.wedbush.com](https://investor.wedbush.com/wedbush/article/gnwcq-2023-3-23-regal-rexnord-and-altra-announce-receipt-of-all-required-regulatory-approvals-for-merger), 2023-03-23: "The closing of the Transaction is expected to occur on or around March 27, 2023, subject to the satisfaction or waiver of the remaining closing conditions set forth in the merger agreement between the parties."
- [stocktitan.net](https://www.stocktitan.net/news/RRX/regal-rexnord-corporation-completes-acquisition-of-altra-industrial-x5a59boeah0j.html), 2023-03-27: "On March 27, 2023, Regal Rexnord completed its acquisition of Altra Industrial Motion for $4.95 billion, enhancing its automation portfolio and positioning it for accelerated growth."
- [automotive-technology.com](https://www.automotive-technology.com/pressreleases/regal-rexnord-corporation-completes-acquisition-of-altra-industrial-motion-corp), 2023-03-28: "I am thrilled to welcome Altra associates to Regal Rexnord, and incredibly excited about all that we expect to accomplish as one, enhanced Regal Rexnord team."
- [drivesncontrols.com](https://drivesncontrols.com/regal-rexnord-buys-altra-industrial-motion-for-4-95bn/), 2023-04-03: "Altra's Automation & Specialty platform transforms our existing automation portfolio into a meaningful, global automation solutions provider."

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