Allied Motion Technologies Inc., a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired ORMEC Systems Corp. (“ORMEC”), a developer and manufacturer of mission critical electro-mechanical automation solutions and motion control products including multi-axis controls, electronic drives and actuators for the automation and aerospace industries. The acquisition is expected to be accret Read more...
New York, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Growing emphasis on streamlining the production work in industries, and prioritizing on the automated & errorless efficiency of the Industrial automation motion control are deliberately influencing the market growth. Market Size – USD 12.67 Billion in 2019 Read more...
Allied Motion Technologies Inc., a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired Spectrum Controls, Inc. (“Spectrum”), an innovator and manufacturer of a wide variety of Industrial I/O and Universal Communications Gateway products. The purchase price was $70 million, of which $45 million was paid at closing with a combination of $27 million in cash and the remainder in the C Read more...
