# 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.

- Type: Acquisition
- Announced: 2021-12-31
- Where: United States
- Value: $70.0M
- Status: completed
- Products: Industrial I/O products, Universal Communications Gateway products
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Allied Motion Technologies](https://endata.com/companies/58721.md) (acquirer)
- [Spectrum Controls](https://endata.com/companies/60019.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20211230005292/en/Allied-Motion-Acquires-Spectrum-Controls-Inc.-a-Leader-in-Industrial-Control-Solutions), 2021-12-31: "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."
- [control.com](https://control.com/news/allied-motion-expands-smart-factory-solutions-with-spectrum-controls-acquisition/), 2022-01-23: "Allied Motion announced its acquisition of Spectrum Controls with a purchase price of $70 million."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.