Altra enters agreement to divest jacobs vehicle systems business

Braintree, mass., feb. 09, 2022 (globe newswire) -- altra industrial motion corp. (nasdaq: aimc) (“altra” or the “company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that it has entered into an agreement to sell its jacobs vehicle systems (jvs) business to cummins inc. for $325 million. the business generated approximately $193 million in revenue in 2021.
AIMC Ratings Summary
AIMC Quant Ranking