AMHERST, NY – (BUSINESS WIRE) –Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that it has acquired FPH Group (“FPH”), an industry leader in developing technically advanced, reliable and cost-effective electrical drive systems and light weighting technologies for existing and future ground-based vehicles in the defense industry.
“This acquisition is an excellent strategic fit as it provides us with a deeper penetration within defense applications including the necessary manufacturing licenses and certifications, which is a key end market focus for Allied. FPH has a proven relationship with leading defense prime contractors, which we believe we can leverage for future modernization designs as we combine Allied’s scale and defense solutions with FPH’s knowledge base of electrical, mechanical, fluid dynamics and composite technologies, ”commented Dick Warzala, Chairman and CEO. “In addition, FPH is expected to be accretive to both Allied’s margin profiles and earnings per share in the first year. We are very excited about our potential together and we welcome the entire, very capable FPH team to the Allied family. ”
Barry Gilmour, Chairman of FPH, stated, “Joining forces with Allied will enhance our ability to advance our core competencies in support of our existing customers and provide a platform to further scale the business. Equally important is that our companies share similar cultures, and we look forward to a bright future together. ”
Established in 1997, FPH is a Canadian based company with locations in both London, Ontario and Roseville, Michigan. FPH provides concept engineering, prototyping, validation and production. FPH direct drive systems provide high torque and precision motion, and have been developed to meet the stringent requirements and standards of the defense industry. FPH also develops composites, advanced materials and hybrid products and systems that achieve significant weight reduction and higher strength. The company draws on its core capabilities of engineered systems, mechanical and fluid dynamics, electrical controls and direct drive systems, and composites and advanced materials understanding.
Financial terms of the transaction were not disclosed.
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq: AMOT) designs, manufactures and sells precision controlled motion products and solutions used in a wide range of applications within the Vehicle, Medical, Aerospace & Defense, Electronic, and Industrial Markets. Headquartered in Amherst, NY, the Company has global operations and sells into markets across the United States, Canada, South America, Europe and Asia-Pacific.
Allied Motion is focused on controlled motion applications and is known worldwide for its expertise in electro-magnetic, mechanical, and electronic controlled motion technologies. Its products 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 quality and harmonic issues, Industrial safety rated I / O Modules, Universal Industrial Communications Gateways and other controlled motion-related products.
The Company’s growth strategy is focused on being the controlled motion solutions leader in its selected target markets by leveraging its “technology / know how” to develop integrated precision solutions that utilize multiple Allied Motion technologies to “change the game” and create higher value solutions for its customers. The Company routinely posts news and other important information on its website at www.alliedmotion.com.
Safe Harbor Statement
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