Allied Motion acquires Heidrive GmbH for US$22M
January 12, 2016
By Manufacturing AUTOMATION
Jan. 12, 2016 – Allied Motion Technologies, a designer and manufacturer of motion control products, announced today that it has completed the acquisition of Heidrive GmbH, a drive technology and engineering company for €20 million (about US$22 million).
Headquartered in Kelheim, Germany, Heidrive designs and manufactures customized synchronous motion systems for various applications, including robotics and building technologies. Its products include a range of motors, gears and electronic controls.
“This acquisition brings us a well-managed, focused organization that is strategically aligned with Allied Motion and will provide us with many opportunities to advance our growth strategy through new markets, customers, products and capabilities,” said Richard S. Warzala, Allied Motion’s chairman and CEO. “Heidrive brings complementary product lines and additional technical competencies in customized motor and system solutions while expanding our sales footprint and customer base in the German market. We further expect to leverage the products and capabilities of the combined company to enhance revenue growth through our One Team sales network around the world.”