Announced
Completed
Synopsis
Altra Motion, a producer of mechanical power transmission and motion control products, completed its merger with MTEK Industry, a manufacturer of nail plate parts and software for the timber industry. Financial terms were not disclosed. "We are committed to bringing the benefits of the digital factory and Industry 4.0 to our customers, both in terms of the services and solutions we offer and in the technologies we adopt in our own manufacturing facilities. Our partnership with MTEK will help accelerate this initiative," David Ebling, Altra President of the electromechanical clutch brake division.
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