Altra Industrial Motion Corp. (Nasdaq:AIMC) announced that it has closed on the acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg”), a global manufacturer of premium quality caliper brakes. Headquartered in Vejstrup, Denmark, Svendborg provides engineered braking systems for a wide range of industrial markets including oil & gas, mining, wind power, marine, metals, material handling and others.
“Svendborg is a leading brand that provides Altra with new technology and access to a number of new geographic regions,” said Carl Christenson, Altra’s president and CEO. “This acquisition presents a number of new opportunities to help drive our top-line and bottom-line growth, and we are excited to deliver on this key part of our growth strategy.”
Svendborg joins Wichita Clutch, Industrial Clutch, Twiflex Limited, Formsprag Clutch, Marland Clutch and Stieber Clutch, the industry-leading brands of Altra Industrial Motion’s Heavy Duty & Overrunning Clutch Brake Group which supply innovative brake and clutch solutions to meet the requirements for a broad variety of applications. Altra’s Heavy Duty & Overrunning Clutch Brake products represent the latest technologies, featuring superior design and exceptional quality to ensure long-lasting performance in all types of industrial environments.