Altra Motion’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Altra Industrial Motion is a manufacturer of mechanical power transmission products. Read more

Altra Industrial Motion is a manufacturer of mechanical power transmission products. Read more

Carl R. Christenson's photo - Chairman & CEO of Altra Motion

Chairman & CEO

Carl R. Christenson

CEO Approval Rating

68/100

Founded:

2004

Status:

PublicNASDAQAIMC

TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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FTE Automotive is perceived as one of Altra Motion's biggest rivals. FTE Automotive's headquarters is in Ebern, Bavaria, and was founded in 1943. FTE Automotive operates in the Automobile Parts industry. FTE Automotive generates 31% of Altra Motion's revenue.

Brake Engineering has been one of Altra Motion's top competitors. Brake Engineering is a Private company that was founded in 1981 in Wrexham, Wales. Brake Engineering is in the Automobile Manufacturers field. Compared to Altra Motion, Brake Engineering has 9,048 fewer employees.

Nu-teck Couplings is Altra Motion's #3 rival. Nu-teck Couplings was founded in , } in 1968. Nu-teck Couplings operates in the Industrial Machinery & Equipment industry. Compared to Altra Motion, Nu-teck Couplings generates $1.7B less revenue.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$1.7B

Altra Motion's revenue is the ranked 1st among it's top 10 competitors. The top 10 competitors average 358.1M. Over the last four quarters, Altra Motion's revenue has decreased by 9.5%. Specifically, in Q2 2020's revenue was $400.8M; in Q1 2020, it was $434.2M; in Q4 2019, it was $441.9M; in Q3 2019, Altra Motion's revenue was $442.9M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
GKN Stromag AG

Jan 2017

Source »
$208.6M
Stromag provides tailored engineered solutions to metal processing, renewable energy and general industrial markets.
Guardian Industries, Inc.

Jul 2014

Source »
undisclosed
Guardian is engaged in manufacture of shaft couplings, motion control couplings, engine flywheel couplings, pipe couplings, and PTO shafting.

-

-

Nov 2013

Source »
undisclosed
-

These are all the companies that Altra Motion has acquired. Altra Motion has acquired 3 companies and its latest acquisition was GKN Stromag AG in Jan 2017. Stromag provides tailored engineered solutions to metal processing, renewable energy and general industrial markets.

Altra Motion Funding History

$135M$345M$420M$720M$795M

Since Altra Motion was founded in 2004, it has participated in 5 rounds of funding. In total Altra Motion has raised $795.0M. Altra Motion's last funding round was on Oct 2016 for a total of $75.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Oct 2016
$75M
-
Debt
Nov 2012
$300M
-
Debt
Mar 2011
$75M
-
Debt
Nov 2009
$210M
-
IPO
Dec 2006
$135M
-

Total Funding: $795M

Since Altra Motion was founded in 2004, it has participated in 5 rounds of funding. In total Altra Motion has raised $795.0M. Altra Motion's last funding round was on Oct 2016 for a total of $75.0M

Investments

No recent investments found related to Altra Motion

Altra Motion News

July 8, 2020Benzinga

Altra Industrial Motion Corp. to Host Conference Call on Second Quarter 2020 Financial Results

BRAINTREE, Mass., July 08, 2020 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC), a le... See more »
June 9, 2020Zacks

Here's Why You Should Consider Buying Altra Industrial Stock

Altra Industrial (AIMC) is likely to gain from a diversified business structure, healthy demand for a... See more »
February 6, 2020The Markets Daily

$441.25 Million in Sales Expected for Altra Industrial Motion Corp (NASDAQ:AIMC) This Quarter

Wall Street analysts expect Altra Industrial Motion Corp (NASDAQ:AIMC) to announce $441.25 million in... See more »
November 13, 2019Zacks

Here's Why Investors Should Steer Clear of Altra Industrial

Altra Industrial (AIMC) suffers from challenging end-market conditions, global uncertainties, high co... See more »
September 11, 2019Benzinga

Altra Industrial Motion Corp. to Present at Sidoti & Company, LLC Fall 2019 Investor Conference

BRAINTREE, Mass., Sept. 11, 2019 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC), a l... See more »
May 14, 2019The Business Journals

79 to lose jobs as Amherst factory closes

Seventy-nine employees are slated to lose their jobs when an Amherst factory closes later this year. ... See more »

Altra Motion Press Releases

July 25, 2019GlobeNewswire

Altra Reports Second-Quarter 2019 Results

Q2 Sales of $466.5M up 97% Year-over-Year Reflecting Addition of Automation & Specialty ("A&S") Busin... See more »
May 7, 2019StreetInsider

Altra Industrial Motion Corp. to Webcast 2019 Investor Day Live on May 14, 2019

Management to Ring NASDAQ Closing Bell on May 13, 2019 BRAINTREE, Mass., May 07, 2019 (GLOBE NEWSWIR... See more »
October 25, 2018GlobeNewswire

Altra Reports Third-Quarter 2018 Results

Delivers GAAP EPS of $0.42; Non-GAAP EPS was a Record Third Quarter of $0.64... See more »
September 24, 2018Business Wire

Fortive Sets Final Exchange Ratio in Split-Off Exchange Offer in Connection with Altra Transaction

EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (NYSE: FTV) announced today the final exchange r... See more »
September 24, 2018StreetInsider

Fortive Sets Final Exchange Ratio in Split-Off Exchange Offer in Connection with Altra Transaction

Fortive Corporation (NYSE: FTV) announced today the final exchange ratio for its split-off exchange o... See more »
October 30, 2017MarketersMedia

Altra Industrial Motion's Q3 Net Sales Grew 24% Y-o-Y on Acquisition; Surprised Expectations

Research Desk Line-up: A. O. Smith Post Earnings CoverageLONDON, UK / ACCESSWIRE / October 30, 2017 /... See more »
July 25, 2017GlobeNewswire

Altra Reports Second-Quarter 2017 Results

Achieves Record Sales and Record GAAP EPS Profitability Outpaces Strong Sales Growth as Strategic Ini... See more »

Altra Motion Videos

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Headquarters

300 Granite Street Suite 201

Braintree, Massachusetts02184

781-917-0600

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Summary

ABOUT

Overview

Altra Industrial Motion is a manufacturer of mechanical power transmission products. Altra Motion was founded in 2004. Altra Motion's headquarters is located in Braintree, Massachusetts, USA 02184. It has raised 795.0M in 5 rounds. The latest round wa...

CEO

Altra Motion's Chairman & CEO, Carl R. Christenson, currently has an approval rating of 68%. Altra Motion's primary competitors are FTE Automotive, Brake Engineering & Nu-teck Couplings.

Website

altramotion.com

Frequently Asked Questions about Altra Motion

  1. When was Altra Motion founded?

    Altra Motion was founded in 2004
  2. Who is Altra Motion's CEO?

    Altra Motion's CEO is Carl R. Christenson
  3. How much revenue does Altra Motion generate?

    Altra Motion generates $1.7B in revenue
  4. How much funding does Altra Motion have?

    Altra Motion has historically raised $795M in funding
  1. Where is Altra Motion's headquarters?

    Altra Motion's headquarters is in Braintree Massachusetts, USA
  2. How many employees does Altra Motion have?

    Altra Motion has 9,300 employees
  3. What sector does Altra Motion operate in?

    Altra Motion is in Electrical Components & Equipment
  4. Who are Altra Motion's competitors?

    Altra Motion's top competitors are FTE Automotive, Brake Engineering, Nu-teck Couplings