Announced
Completed
Synopsis
Allied Motion, a designer and manufacturer that sells precision and speciality controlled motion products and solutions, completed the acquisition of Dynamic Controls Group, which offers high functionality electronic control systems, from Invacare, a designer and manufacturer of equipment for the medical mobility and rehabilitation markets. Financial terms were not disclosed. "This acquisition is a clear demonstration of executing the One Allied strategy to provide innovative, fully integrated controlled motion solutions for our customers. Dynamic Controls brings strong leadership and a very experienced electronics and software engineering design team that provides market-leading electronic control solutions for the medical mobility and rehabilitation markets. Their product suite and solutions will further strengthen our medical market position around patient mobility and rehabilitation, as well as enable us to further develop higher-level solutions with embedded electronics across our other major served markets. Importantly, the acquisition also expands Allied's Global Electronics Team and provides additional resources which can be leveraged across all our markets," Dick Warzala, Allied Motion Chairman and CEO.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.