US-based Altra Holdings is buying the German-based gearmotor manufacturer Danfoss Bauer for €43.1m in cash. Last year, Bauer generated revenues worth around €73.4m. It produces bevel, helical and worm gearmotors, including shaft-mounting and aseptic models.

“This agreement is an exciting and important milestone for Altra,” says Carl Christenson, Altra`s president and CEO. “We are looking forward to Bauer becoming an important part of Altra. The Bauer brand is very well regarded, the products are a terrific extension to our line, and the geographic strengths of Bauer and Altra will provide synergistic top-line opportunities.

“The Bauer management team is very strong with a solid top and bottom line growth strategy that dovetails very nicely with Altra`s strategy,” Christenson adds. “We are particularly excited about Bauer`s European and emerging market presence and Altra`s ability to provide Bauer with additional access to the North American market.”

Nis Storgaard, chief development officer at Bauer’s former owner, Danfoss, says: “We are happy that we have found a new owner that will support Bauer and its employees to further develop and grow the business.”

Bauer will join Altra’s existing portfolio of mechanical power transmission products, which consists of more than 40 product lines, manufactured in nine countries. Its brands include Warner Electric, Matrix, Wichita, Stieber, Twiflex, Bibby, Huco Dynatork, TB Wood`s, Formsprag, Ameridrives, Boston Gear and Inertia Dynamics.