Faulhaber Group acquired Micromo Electronics.

Faulhaber Group, a supplier of high precision miniature and microdrive systems, acquired Micromo Electronics, an electrical/electronic manufacturing company. Financial terms were not disclosed. Faulhaber Micromo intends to enhance the customer experience for the North American market by utilizing the extensive engineering, design, and project management capabilities of Faulhaber, the global leader in precision drive systems. This organizational change will be underscored by a transition from the existing Micromo company brand to the Faulhaber brand, which bears the name of the founding family and has become known around the world as a symbol of high quality and innovation in the precision drives industry.