AMOT - Mergers and acquisitions

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 Spectrum Controls, Inc. ("Spectrum"), an innovator and manufacturer of a wide variety of Industrial I/O and Universal Communications Gateway products. The purchase price was $70 million, of which $45 million was paid at closing with a combination of $27 million in cash and the remainder in the Company's common stock at a price of $35.82 per share. The remaining $25 million will be paid in two equal payments in 2022 and 2023 comprised of 50% cash and 50% sto

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. "ALIO is well recognized for their technology/know-how and expertise in nanometer level p