United Gear & Assembly to go public via a SPAC merger with Aesther Healthcare Acquisition.

United Gear & Assembly, a manufacturer of precision gears for electric vehicles, agreed to go public via a SPAC merger with Aesther Healthcare Acquisition, a special purposes acquisition vehicle. Financial terms were not disclosed. “We believe the combination of Aesther and United Gear will result in a profitable public company that provides a positive valuation with increasing revenue into a market category that has already demonstrated significant success with room for continued growth. United Gear’s long-standing customer relationships, supply chain expertise, history of quality and precision, and US headquarters and manufacturing facilities make it an attractive partner for our investors, and we look forward to collaborating to complete its entry into the public market. United Gear is a strategic US asset that is capitalizing on the trends towards US manufacturing restoring," Suren Ajjarapu, Aesther Chairman and CEO.