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...
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...
Realtime Robotics, the leader in collision-free autonomous motion planning for industrial robots, today announced that it has teamed with Siemens to integrate its RapidPlan software with Siemens Process Simulate, in the company’s Tecnomatix® portfolio. This integration enables Siemens customers to utilize Realtime’s innovative robot motion planning and control software as a part of their regular workflow, without leaving Process Simulate. Customers using the integrat Read more...
