Altra Acquires Stromag
Manufacturer and marketer of electromechanical power transmission and motion control products Altra Industrial Motion Corp. said it has closed its acquisition of the Stromag business from GKN plc. “Stromag provides Altra with complementary products, increased presence in key geographic regions and penetration into new growth end markets,” said Carl Christenson, Chairman and CEO of Altra. Stromag generated approximately 131 million euros in revenue in 2015, and the acquisition is anticipated to be accretive to Altra’s earnings in 2017, excluding any one-time or acquisition-related costs.
Lubricants: Mitigating Risk without Sacrificing Performance
A new entry to the EAL lubricant race emerges from RSC Bio Solutions. Deep roots, new technologies and familiar names create the basis for a different way of approaching marine lubricants. It isn’t surprising that RSC Bio Solutions, a provider of environmentally acceptable lubricants (EALs) and cleaners, chose the SMM 2016 trade exposition in Hamburg, Germany as the platform to launch its newest product. That’s because SMM provided an appropriately large platform for a firm that has deep roots in the chemical and degreaser markets…
Brunvoll Acquires Scana Propulsion
Brunvoll, a family-owned company headquartered in Molde, Norway, a company that designs, manufactures and services complete thruster sstems for maneuvering, positioning and propulsion of advanced vessels, this week signed an agreement with Incus Investor ASA to acquire all the shares in Scana Propulsion AS, including subsidiaries Scana Volda AS and Scana Mar-El AS in Norway and three sales companies located in the United States, Singapore and China. Brunvoll Holding AS signed an option agreement for the acquisition of Scana Volda AS Real Estate…
Rolls-Royce to Propel New Danish Ferry
Danish ferry operator Mols-Linien has ordered a new passenger ferry from the Rauma Marine Constructions yard in Rauma, Finland. Rolls-Royce will provide the main propellers and propulsion control system to the new ship, which is planned to operate between mainland Denmark and the island of Bornholm, also known as the sunshine island of the Baltic Sea. Rolls-Royce will deliver two units of a Promas system which integrates the controllable pitch propeller, a propeller hub cap, a rudder with bulb and a twisted leading edge into one hydrodynamically optimized unit.