Allied Motion Technologies Acquires Airex, LLC
June 21, 2022
Allied Motion Technologies (Nasdaq: AMOT) has acquired Airex, LLC, a 70-year-old Somersworth, New Hampshire manufacturer of high-precision electromagnetic components and motors. The acquisition expands Allied Motion's motor and electromagnetic product offerings and supports key end markets including defense, life sciences, semiconductor and other industrial applications; financial terms were not disclosed.
- Buyers
- Allied Motion Technologies Inc.
- Targets
- Airex, LLC
- Industry
- Manufacturing
- Location
- New Hampshire, United States
- Transaction Type
- Buyout
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