Brief: Allied Motion Expands Motion System Solution Capabilities with Acquisition of ORMEC Systems Corp

Allient

02/11/2021 20:48

Nov 2 (Reuters) - Allied Motion Technologies Inc  AMOT.O :
    * ALLIED MOTION EXPANDS MOTION SYSTEM SOLUTION CAPABILITIES
WITH
ACQUISITION OF ORMEC SYSTEMS CORP.
    * ALLIED MOTION TECHNOLOGIES INC - ACQUISITION IS EXPECTED
TO BE
ACCRETIVE TO BOTH EPS AND GROSS MARGIN PROFILE OF ALLIED
    * ALLIED MOTION TECHNOLOGIES INC - TERMS OF DEAL WERE NOT
DISCLOSED

Source text for Eikon:  ID:nBw48HhRna 
Further company coverage:  AMOT.O 

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