Allied Motion acquires original equipment steering business from Maval Industries

|About: Allied Motion Technologie... (AMOT)|By:, SA News Editor

Allied Motion Technologies (AMOT -0.3%) has purchased substantially all of the operating assets associated with the original equipment steering business of Maval Industries.

The acquisition is expected to be neutral to slightly accretive to earnings for Allied in 2018.

“We believe this acquisition is an excellent strategic fit with Allied Motion as it adds complementary technology, provides deeper customer penetration and improves our ability to create more value for our customers,” commented Dick Warzala, Chairman and CEO of Allied Motion.

Press Release

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