Regal Rexnord completed the acquisition of Altra Industrial Motion for $4.95bn.

Regal Rexnord, an engineering and manufacturing company, completed the acquisition of Altra Industrial Motion, a manufacturer and supplier of motion control, power transmission and automation products, for $4.95bn. "I am thrilled to welcome Altra associates to Regal Rexnord, and incredibly excited about all that we expect to accomplish as one, enhanced Regal Rexnord team. Together, we have clear lines of sight to faster growth, higher margins, stronger free cash flow and improved ROIC," Louis Pinkham, Regal Rexnord CEO.