Allied Motion Technologies Inc. acquired all of operating assets of original equipment steering business of Maval Industries, LLC for $13.3 million.
January 19, 2018
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Allied Motion Technologies Inc. (NasdaqGM:AMOT) acquired all of operating assets of original equipment steering business of Maval Industries, LLC on January 19, 2018. Once the carve-out is complete, the business will be located entirely within its own dedicated facility in Twinsburg, OH. The acquisition is expected to be neutral to slightly accretive to earnings for Allied in 2018. Eleni Kouimelis, Patrick O. Doyle, Becky L. Troutman, James C. Lukas, Heather Lehman Kriz, Benjamin M. Ostrander, John T. Albers, Don Goff, Nicholas R. Pesavento, Brendan P. Mace, Luke P. Haller, Morgan L. Bush, Sharon Mori and Nyron J. Persaud of Winston & Strawn LLP acted as legal advisors for Maval Industries.
Allied Motion Technologies Inc. (NasdaqGM:AMOT) completed the acquisition of all of operating assets of original equipment steering business of Maval Industries, LLC for $13.3 million on January 19, 2018.
Allient Inc. is a global company, which designs, manufactures, and sells precision and specialty-controlled motion components and systems used in a range of industries. The Company sells component and integrated controlled motion solutions to end customers and original equipment manufacturer (OEMs) through its own direct sales force and authorized manufacturersâ representatives and distributors. The Companyâs products and solutions include nano precision positioning systems, servo control systems, motion controllers, digital servo amplifiers and drives, brushless servo, torque, and coreless motors, brush motors, integrated motor-drives, gear motors, gearing, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power and harmonic issues, industrial safety rated input/output modules, universal industrial communications gateways, light-weighting technologies, and other controlled motion-related products.
ALLIENT INC. 
