Allied Motion acquires Spectrum Controls for $70M

Allied Motion Technologies acquired Spectrum Controls, a manufacturer of Industrial I/O and Universal Communications Gateway products, for a purchase price of $70 million, with $45 million paid at closing and the remainder in two equal payments in 2022 and 2023.

“This acquisition is an excellent strategic fit and provides us with a tremendous opportunity to enhance our position as a value-added solutions supplier to the industrial automation and industrial controls market.”businesswire.com

• 2 sources
• businesswire.comAllied Motion Acquires Spectrum Controls, Inc., a Leader in Industrial Control SolutionsInvestor ContactDec 31, 2021
• control.comAllied Motion Expands Smart Factory Solutions With Spectrum Controls Acquisition - NewsStephanie LeonidaJan 23, 2022

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