Altra Industrial Motion Corp.

Altra Industrial Motion Corp. Overview

Company Headquarters: Massachusetts, United States

Founded: 2004

Workforce: ~9100

Company Working: Altra Industrial Motion Corp. (Altra Industries), a manufacturer of industrial equipment that was formerly known as Altra Holdings Inc., provides power transmission and motion control systems. The company sells a variety of clutches and brakes, including industrial clutches and brakes, heavy-duty clutches and brakes, overrunning clutches and backstops, designed couplings, gear motors, belted drives, engineered bearing assemblies, and linear actuators and controllers. Its connection products include gear spindles, locking mechanisms, torque limiters, precision couplings, universal joints, elastomeric couplings, and specially developed couplings. Altra Industries provides services to a variety of industries, including general industry, automotive, material handling, aggregate and mining, maritime, power generation, oil and gas, and others. In addition to the US, India, Scotland, and other countries, the company is present. In the US, Braintree, Massachusetts, serves as the home base for Altra.

Strategy

Altra Industrial Motion Corp unlocks the potential of the customers through collaborative innovation. The company wants to lead the globe in developing cutting-edge technologies for power transmission and motion control. The firm designs and manufactures bespoke solutions to provide them a sustained competitive advantage, making them indispensable to the customers. It does this by utilising its world-class business system and its in-depth application knowledge. The company is dedicated to offering a safe, welcoming environment that fosters the development of each individual's skills and supports the diversity of their ideas. To assist them stand out, the business works tirelessly to better understand the demands of their customers and develop innovative products and business practises.

Company Snapshot

$1,834M

Revenue

9,100

Employees

2004

Founded

Massachusetts, United States

Headquarters

SWOT Analysis

Strengths

Successful track record of developing new products
Giant employee base
High Customer retention

Weaknesses

Limited success outside core business
Investment in Research and Development is below the fastest growing players in the industry

Opportunities

New customers from online channel
Government green drive also opens an opportunity for procurement of Altra Industrial Motion Corp. products by the state as well as federal government contractors.

Threats

The company can face lawsuits in various markets given - different laws and continuous fluctuations regarding product standards in those markets
volatile political climate

Key Developments

Date	Approach	Development
–	Product Launch	Kollmorgen of the Altra Industrial Motion group launches the advanced P8000 series with the new P80630-SDN Stepper Drive. The P80630-SDN stepper drive powers and controls stepper motors operating on 24 to 75 VDC with up to 5.5 Arms current per phase (7.8 Arms peak). It’s an ideal solution for labellers, indexing tables, CNC machines, packaging systems, pumps and other single-or multi-axis systems requiring low-speed, point-to-point motion control for fixed loads.
–	Product Launch	Altra Industrial Motion Corporation developed a new electromagnetic brake that consumes significantly less electricity when in use. The brake is extremely efficient and well-suited to electric vehicle applications, as well as a wide range of soft stops. It will assist the company in gaining new consumers, increase market share, and income.

Product Offering

Altra Industrial Motion Corp.
- Wind Turbine Brake

Financial Performance

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