Allied Motion Technologies Announces Completion of Heidrive Acquisition

Allied Motion Technologies Inc., a global 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 (approximately US$22 million). Allied Motion announced on December 23, 2015 that it had signed an agreement to purchase Heidrive.

Headquartered in Kelheim, Germany, Heidrive designs and manufactures customized, innovative synchronous motion systems for highly demanding applications from medical technology and robotics to cargo aviation and building technologies, as well as various commercial applications. Its products include a variety of motors, gears and electronic controls. Heidrive has approximately 220 employees with manufacturing facilities in Kelheim and Mrakov, Czech Republic. Heidrive expects 2015 revenue of approximately €29 million (US$32 million), up about 8% from the prior year, and total assets at December 31, 2015 are anticipated to be approximately €10 million (US$11 million). The acquisition is expected to be immediately accretive to Allied Motion.


"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," commented Richard S. Warzala, Allied Motion's Chairman and Chief Executive Officer. "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. Heidrive also provides an efficient operational presence in Germany and the Czech Republic that will further enhance our global production capabilities. 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."

About Allied Motion Technologies Inc.

Headquartered in Amherst, NY, Allied Motion designs, manufactures and sells motion control products into applications that serve many industry sectors. Allied Motion is a leading supplier of precision and specialty motion control components and systems to a broad spectrum of customers throughout the world. The Company routinely posts news and other important information on its website at http://alliedmotion.com.

Featured Product

QC Industries - AS40: The Ultimate User-Friendly Conveyor

QC Industries - AS40: The Ultimate User-Friendly Conveyor

AS40 Conveyors are designed for ease of use and simple integration with robotic applications. Built on a rigid aluminum frame, they feature tee slots for rapid accessory mounting and a tail that flips up at the push of a button for easy under-belt cleaning and belt changes. Nosebar tails are available for transferring small parts between conveyors. All conveyors include a 10 Year Warranty and most are available with a fast five day lead time.