MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

More From Mdm

SKF Completes Previously Announced Divestment of L&AT Business

Allied Motion Acquires TCI, LLC

Motion control manufacturer Allied Motion Technologies Inc. (NASDAQ: AMOT), Amherst, NY,  has acquired Wisconsin-based manufacturer TCI, LLC, for $64.1 million. The purchase price was funded with existing cash plus borrowings under the company’s revolving credit facility, the company said.

TCI makes products that monitor and improve power quality and extend motor life by reducing harmonic distortion associated with variable frequency drives (VFDs) and other power conversion equipment. The company has about 165 employees and expects 2018 revenues of approximately $45 million.

The acquisition strengthens Allied Motion’s overall position in the controlled motion market, the company said.

 

© 2018 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center