Announced
Completed
Synopsis
Allient, a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, completed the acquisition of Sierramotion, a privately-owned company specializing in designing and engineering turn-key motion components. Financial terms were not disclosed. “Sierramotion and Allient are well known to each other as they have collaborated and partnered in the past to develop industry leading solutions for the motion market. The engineering team at Sierramotion brings decades of experience in designing solutions for complex motion control problems, which we believe will advance our integrated motion solutions strategy and further enable our reach into our targeted end markets.” Dick Warzala, Allient Chairman and CEO.
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