Allied Motion Acquires Spectrum Controls, Inc.

December 31, 2021

Allied Motion Technologies Inc. acquired Spectrum Controls, Inc., a Bellevue, Washington–based designer and manufacturer of industrial I/O modules, displays and communications gateways, for a total purchase price of $70 million (approximately $45 million paid at closing, with $25 million deferred). Spectrum, founded in 1983 with about 72 employees, will expand Allied Motion’s industrial automation product portfolio and engineering capabilities and is expected to be accretive to earnings and gross margin.

Buyers
Allied Motion Technologies Inc.
Targets
Spectrum Controls, Inc.
Industry
Manufacturing
Location
Washington, United States
Transaction Type
Buyout

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