Altra Industrial Motion Corp. ("Altra"), a global manufacturer and marketer of electromechanical power transmission and motion control products, announced today that its Board of Directors has unanimously approved a definitive agreement to combine Altra with four operating companies from Fortive's Automation and Specialty platform in a transaction with an estimated aggregate value of approximately $3 billion. Cravath is representing Altra in connection with the transaction.

More information is available in the press release at the following link:

The Cravath team is led by partner Thomas E. Dunn on M&A matters, Jennifer S. Conway on executive compensation and benefit matters, Matthew Morreale on environmental matters and Kara L. Mungovan on tax matters.