Allied Motion Acquires German Drive Technology Company For $22M

Kelheim, Germany-based Heidrive has extensive expertise in designing and manufacturing customized innovative synchronous motion systems for highly demanding applications.

AMHERST, N.Y. — Allied Motion Technologies Inc., a global designer and manufacturer of motion control products, recently announced that it has signed an agreement to acquire 100 percent of the stock of Heidrive GmbH for approximately $22 million. The transaction is expected to close early in the first quarter of 2016. 

The purchase price will be partially funded with existing cash plus borrowings under the company’s revolving credit facility, which Allied and its banks have agreed to amend to increase borrowing capacity to $30 million from $15 million.

Founded in 1938 and headquartered in Kelheim, Germany, Heidrive has extensive expertise in designing and manufacturing customized innovative synchronous motion systems for highly demanding applications.  Products include a variety of motors, gears and electronic controls. Motors range from servo and brushless DC motors, to AC induction and shaded pole motors. Heidrive’s gears are designed for heavy duty use and include planetary, flat, helical and worm gears, and its electronic controls are suitable for various types of engines, facilitating dynamic movement and rapid positioning. Given their customized nature, these products are used in a broad range of applications from medical technology and robotics to cargo aviation and building technologies, as well as a variety of commercial applications.  Its products are manufactured at Heidrive’s facilities in Kelheim, Germany and Mrakov, Czech Republic and supported by its approximately 220 employees.  

Heidrive expects 2015 revenue of approximately $32 million, up about 8 percent from the prior year, and total assets at Dec. 31 are anticipated to be approximately $11 million.

“The addition of Heidrive furthers our growth strategy, enabling us to expand our geographic reach and broaden our product and technical capabilities,” commented Richard S. Warzala, Allied Motion’s Chairman and Chief Executive Officer.  “We believe that these enhanced technical competencies will allow us to compete more effectively in our existing markets as well as new markets brought to us by Heidrive.  We are enthusiastic about our prospects and that the utilization of Allied Systematic Tools will lead us to continuous improvements in quality, delivery, cost and innovation as well as create significant value for our stakeholders.”

Headquartered in Amherst, NY, Allied Motion designs, manufactures and sells motion control products into applications that serve many industry sectors.  Allied Motion is a leading supplier of precision and specialty motion control components and systems to a broad spectrum of customers throughout the world. 

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