M&A Deal Summary

Altra Industrial Motion Acquires GKN - Stromag Business

On October 21, 2016, Altra Industrial Motion acquired manufacturer GKN - Stromag Business from GKN for 198M EUR

Acquisition Highlights
  • This is Altra Industrial Motion’s 1st transaction in the Manufacturing sector.
  • This is Altra Industrial Motion’s 0th largest (disclosed) transaction.
  • This is Altra Industrial Motion’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2016-10-21
Target GKN - Stromag Business
Sector Manufacturing
Buyer(s) Altra Industrial Motion
Sellers(s) GKN
Deal Type Divestiture
Deal Value 198M EUR

Target

GKN - Stromag Business

Redditch, United Kingdom
GKN plc - Stromag Business is a provider of tailored engineered solutions for its customers. Its core products include an array of clutches and brakes, flexible couplings, limit switches and friction discs. Stromag serves the agricultural equipment, construction, crane & hoist, marine, metal processing, renewable energy and general industrial markets.

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Buyer(S) 1

Buyer

Altra Industrial Motion

Braintree, Massachusetts, United States

Category Company
Founded 2004
Sector Electrical Equipment
Employees9,000
Revenue 1.9B USD (2021)
DESCRIPTION

Altra Industrial Motion is a designer, producer and marketer of a wide range of electromechanical power transmission products. Altra Industrial Motion was founded in 2004 and is based in Braintree, Massachusetts.


DEAL STATS #
Overall 6 of 7
Sector (Manufacturing) 1 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 Svendborg Brakes A/S

Vejstrup, Denmark

Svendborg Brakes A/S is a manufacturer of premium quality caliper brakes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Nook

Cleveland, Ohio, United States

Nook provides a broad-based offering of premium linear motion solutions. Nook provides clients with proven knowledge and flexibility to design, engineer, and manufacture premium quality linear motion systems and solutions for their most challenging applications. Its customers benefit from a wide range of premium products and services that fit well into unlimited industries. Nook was founded in 1969 and is based in Cleveland, Ohio.

Buy -

Seller(S) 1

SELLER

GKN

Redditch, United Kingdom

Category Company
Sector Engineering
Employees51,400
Revenue 9.7B GBP (2017)
DESCRIPTION

GKN is a global engineering company. Known for its expertise in advanced manufacturing, GKN specializes in designing, manufacturing, and supplying innovative components and systems for the automotive, aerospace, and industrial markets. Its extensive product portfolio includes driveline technologies, electric drivetrains, lightweight structures, aerospace systems, and power management solutions. GKN is based in Redditch, United Kingdom.


DEAL STATS #
Overall 5 of 7
Sector (Manufacturing) 1 of 2
Type (Divestiture) 3 of 5
Country (United Kingdom) 4 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Fokker Technologies Group B.V.

Papendrecht, Netherlands

Fokker Technologies Group B.V. is a global aerospace specialist that develops and manufactures highly engineered advanced aircraft systems and components for aircraft manufacturers and provides integrated maintenance services and products for aircraft owners and operators. The company was founded in 1919. Headquartered in Papendrecht, the Netherlands, Fokker operates facilities in the Netherlands, Romania, Turkey, Canada, Mexico, USA, China, India and Singapore, and employs approximately 4,900 people.

Buy €706M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 Walterscheid Powertrain Group

Lohmar, Germany

Walterscheid Powertrain Group is a provider of original equipment and aftermarket parts and services for off-highway powertrain applications. Walterscheid Powertrain Group was founded in 1919 and is based in Lohmar, Germany.

Sell -