LONDON—Fenner Drives Inc., a subsidiary of Fenner P.L.C., acquired U.S.-based precision polymers business Revolution Drives Inc.
Terms of the deal were not disclosed.
The Lititz, Pa.-based Revolution Drives is a supplier of OEM and custom-designed belting products serving the power transmission, motion control and conveying markets.
"This acquisition supports our stated strategy to grow our Advanced Engineered Products division and in particular it will complement the product and customer portfolio of our precision polymers business within AEP," Fenner CEO Mark Abrahams said in a statement.
Revolution Drives' CEO and majority shareholder, whose name was not provided, joined Fenner's Precision Polymers business.