Gates Industrials Acquisition | M&A Deal

Gates has acquired a power transmission-related business, a industrial distribution company in North America, to expand its industrial distribution acquisition footprint in the region. The target supplies power transmission products and related services used by industrial customers, strengthening Gates’ distribution capabilities across key markets. Gates acquisitions in industrials M&A support a strategic acquisition approach to broaden product availability and improve customer coverage. The add on acquisition is announced and structured as an add on acquisition by a strategic buyer, with deal size undisclosed and terms not reported.