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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