Brief: Allied Motion enhances market and technology capabilities with acquisition of TCI LLC

Allient

06/12/2018 21:44

Dec 6 (Reuters) - Allied Motion Technologies Inc  AMOT.O :
    * ALLIED MOTION ENHANCES MARKET AND TECHNOLOGY CAPABILITIES
WITH
ACQUISITION OF TCI, LLC
    * ALLIED MOTION TECHNOLOGIES INC - DEAL FOR $64.1 MILLION
    * ALLIED MOTION TECHNOLOGIES INC - PURCHASE PRICE WAS FUNDED
WITH
EXISTING CASH PLUS BORROWINGS UNDER COMPANY'S REVOLVING CREDIT
FACILITY
    * ALLIED MOTION TECHNOLOGIES INC - TCI IS EXPECTED TO
IMPROVE
ALLIED'S OVERALL MARGIN PROFILE AND TO BE IMMEDIATELY ACCRETIVE

Source text for Eikon:  ID:nBw8MXx3a 
Further company coverage:  AMOT.O 

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