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Portescap, along with Kollmorgen, Thomson, and Jacobs Vehicle Systems, has become part of Altra Industrial Motion Corp, making Altra a global leader in power transmission and motion control.
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.