Allied Motion Strengthens Electronics and Software Capabilities with Dynamic Controls Group Acquisition
Allied Motion Technologies, Inc. (AMOT)
Last allied motion technologies, inc. earnings: 3/11 04:16 pm
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Source: Business Wire
AMHERST, N.Y.--(BUSINESS WIRE)--Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion,” “Allied” or the “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that it has acquired Dynamic Controls Group (“Dynamic Controls”), a wholly owned subsidiary of Invacare Corporation, a market-leading designer and manufacturer of equipment for the medical mobility and rehabilitation markets. The transaction was completed on March 7, 2020.“This acquisition is a clear demonstration of executing the One Allied strategy to provide innovative, fully integrated controlled motion solutions for our customers. Dynamic Controls brings strong leadership and a very experienced electronics and software engineering design team that provides market leading electronic control solutions for the medical mobility and rehabilitation markets. Their product suite and solutions will further strengthen our medical
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