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Altra Enters Agreement to Divest Jacobs Vehicle Systems Business

BRAINTREE, Mass., -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today 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.

Weichai Power Co. Specifies Jacobs Compression Release Brake for Two New Truck Engines

BLOOMFIELD, CT, USA – Jacobs Vehicle Systems® has been appointed by China’s Weichai Power Co. to supply engine brake components for two new diesel engines for heavy-duty trucks. Weichai’s 13-liter WP13H and 15-liter WP15H engines, which recently went into production at the company’s plant in Weifang, central Shandong province, both feature Jacobs’ Compression Release Brake.

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