Allied Motion acquires TCI, LLC for $64.1M

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

Allied Motion Technologies (NASDAQ:AMOT) has acquired TCI, LLC for $64.1M, funded with existing cash plus borrowings under the Company’s revolving credit facility.

The acquisition is expected to improve company’s overall margin profile and to be immediately accretive.

TCI expects 2018 revenue of approximately $45M.

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