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Altra Industrial Motion Corp. Announces Acquisition By Regal Rexnord Corporation

Benzinga

27, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. in cash for each share of Altra common stock, representing a 54% premium to the closing price of the Company's common stock on October 26, 2022. Regal Rexnord has fully committed debt financing and there are no financing conditions associated with the transaction.

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Industrial Automation Market to Generate Revenue of $289 Billion by 2028 | Growing Adoption of AI and Machine Learning to Play Key Role

Benzinga

As per SkyQuest analysis, some of the leading companies in the industrial automation market are ABB Ltd., and Rexnord Corp. These companies offer a range of products and services that include controllers, drives, processing units, sensors, and software.