Altra Industrial Motion announces the acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS (together ‘Svendborg’).
A leading global manufacturer of premium quality caliper brakes, Svendborg is headquartered in Vejstrup, Denmark, and provides engineered braking systems for a wide range of industrial markets including oil and gas, mining, wind power, marine, metals and materials handling among others.
Carl Christenson, Altra's president and CEO explains that Svendborg is a leading brand that provides Altra with new technology and access to a number of new geographic regions. He adds that the acquisition presents a number of new opportunities to help drive Altra’s top-line and bottom-line growth.
Svendborg joins Wichita Clutch, Industrial Clutch, Twiflex Limited, Formsprag Clutch, Marland Clutch and Stieber Clutch, the industry-leading brands of Altra Industrial Motion’s Heavy Duty & Overrunning Clutch Brake Group, which supply innovative brake and clutch solutions to meet the requirements for a broad variety of applications.