Altra Completes Acquisition Of Nook Industries, A Leader In The Us Engineered Linear Motion Industry

Jan 03, 2022•almost 4 years ago

Acquiring Company

Altra Industrial Motion

Acquired Company

Nook Industries

ManufacturingSoftware

Description

Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that it has acquired Cleveland, Ohio-based Nook Industries LLC (“Nook”), a leader in the US engineered linear motion industry.

Company Information

Company

Altra Industrial Motion

About

Altra is a premier industrial global manufacturer and supplier of highly engineered motion control, automation, power transmission, and engine braking systems and components. Altra’s portfolio consists of 27 well-respected brands including Bauer Gear Motor, Boston Gear, Jacobs Vehicle Systems, Kollmorgen, Portescap, Stromag, Svendborg Brakes, TB Wood’s, Thomson and Warner Electric. Headquartered in Braintree, Massachusetts, Altra has over 9,000 employees and 48 production facilities in 16 countries around the world.

M&A Insights

Based on deal data

Integration timeline

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Tech stack consolidation

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Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

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Altra Completes Acquisition Of Nook Industries, A Leader In The Us Engineered Linear Motion Industry

Description

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M&A Insights

Company Information