Altra Industrial Motion completes combination with Fortive's Automation & Specialty Platform.

Altra Industrial Motion, a global manufacturer and marketer of power transmission and motion control products, completes the combination with four operating companies from Fortive’s Automation & Specialty platform for $1.5bn. With the combination complete, Altra is positioned to drive growth and value creation through its industry-leading positions in the precision motion control market, a stronger position at the higher end of the technology spectrum, increased exposure to higher growth, higher margin end-markets, and an enhanced financial profile. “We are pleased to complete this combination and move forward as a premier industrial company with leading positions across key markets,” Carl Christenson, Altra Chairman, and CEO.