Brief: Allied Motion Acquires Spectrum Controls for $70 Million

Allient

31/12/2021 14:26

Dec 31 (Reuters) - Allied Motion Technologies Inc  AMOT.O :
    * ALLIED MOTION ACQUIRES SPECTRUM CONTROLS, INC., A LEADER
IN
INDUSTRIAL CONTROL SOLUTIONS
    * ALLIED MOTION TECHNOLOGIES INC - IN 2022, SPECTRUM IS
EXPECTED
TO BE ACCRETIVE TO BOTH ALLIED'S EARNINGS PER SHARE AND GROSS
MARGIN PROFILE
    * ALLIED MOTION TECHNOLOGIES INC - PURCHASE PRICE WAS $70
MILLION

Source text for Eikon:  ID:nBw5zYM7Va 
Further company coverage:  AMOT.O 

 ((Reuters.Briefs@thomsonreuters.com;))