Altra divests Jacobs Vehicle Systems business

Altra divests Jacobs Vehicle Systems business

Altra Industrial Motion Corp. 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. The transaction is subject to customary closing conditions, including receipt of required regulatory approvals, and the Company anticipates it will close by the end of the calendar year.

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