Allied Motion Acquires ALIO Industries, a Global Leader in Nano Precision Motion Control Solutions

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Nov 04, 2021

Allied+Motion+Technologies+Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired ALIO Industries (“ALIO”), an innovator and manufacturer of advanced linear and rotary motion systems for nano-precision applications. The purchase price of $20 million consisted of $15 million in cash and $5 million in Allied common stock. Additionally, there are potential earn-out payments over the next 3 years based upon ALIO achieving certain annual EBITDA targets.