Allied Motion acquires Agile Systems
Allied Motion Technologies Inc. announced it completed the purchase of Agile Systems Inc., a privately owned developer of motion control technology.
Allied paid cash for the Waterloo, Ontario-based company, but did not reveal the purchase price. Agile makes integrated power electronics, digital controls and network communications for motor control and power conversion. Agile serves customers in a range of industries and is expected to realize annual revenues approaching $3 million in 2010 and to be accretive to Allied Motion's 2010 results.
"We are excited about the technology, the intellectual property, the products and the skilled personnel that Agile brings to Allied Motion," said Dick Warzala, president and CEO of Allied Motion. "In addition to Agile meeting the requirements of our Strategic Profile, Agile and Allied Motion share several customers in common where Allied sells motors and Agile sells controls, and now the combination of the two will allow us to provide our customers with a more complete motion system solution."
Headquartered in Denver, Allied Motion designs, manufactures and sells precision and specialty motion control components and systems to a broad spectrum of customers throughout the world.
INDUSTRIAL SUPPLY MAGAZINE
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