Regal Rexnord Acquires Altra Industrial Motion
October 27, 2022
Regal Rexnord Corporation agreed to acquire Altra Industrial Motion Corp. for approximately $5.0 billion on an enterprise value basis, paying $62.00 in cash per share (a 54% premium). The transaction, which was approved by Altra's board, is expected to close in the first half of 2023 subject to shareholder and regulatory approvals; Altra will be delisted upon closing.
- Buyers
- Regal Rexnord Corporation
- Targets
- Altra Industrial Motion Corp.
- Sellers
- Altra Industrial Motion Corp. shareholders
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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