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Allied Motion Technologies Inc. reached a merger agreement with ThinGap, a developer of slotless motors for aerospace, defense, and medical applications. ThinGap is based in Camarillo, California.
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.
Allied Motion Technologies Inc. acquired ORMEC Systems Corp., a developer of electro-mechanical automation solutions and motion control products for the automation and aerospace industries. Terms were not disclosed.