Brief: Allied Motion Technologies Expands Defense Market Penetration With Acquisition Of Fph Group

Allient

31/05/2022 12:16

May 31 (Reuters) - Allied Motion Technologies Inc  AMOT.O :
    * ALLIED MOTION TECHNOLOGIES EXPANDS DEFENSE MARKET
PENETRATION
WITH ACQUISITION OF FPH GROUP
    * ALLIED MOTION TECHNOLOGIES INC - FINANCIAL TERMS OF
TRANSACTION
WERE NOT DISCLOSED
    * ALLIED MOTION TECHNOLOGIES INC - FPH IS EXPECTED TO BE
ACCRETIVE
TO BOTH ALLIED'S MARGIN PROFILE AND EARNINGS PER SHARE IN FIRST
YEAR

Source text for Eikon:  ID:nBw7xqjTna 
Further company coverage:  AMOT.O 

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