On June 21, Amherst, New York-based Allied Motion Technologies, Inc., a manufacturer of precision and specialty controlled motion products, announced its acquisition of Airex, LLC. Airex is an electromagnetic components manufacturer based in Somersworth, New Hampshire.
“This acquisition is another excellent addition and strategically expands our motor offerings,” said Dick Warzala, chairman and CEO of Allied. “We are excited about adding Airex’s proven track record and team to the Allied family.”
“Airex has always been about developing new, high performance and high quality technology for diverse applications,” added Lindsay Badger, managing partner of Airex. “Combining our core competencies with Allied’s, will help support our long-standing customer base in the years ahead and will provide a larger platform upon which to grow.”
The financial terms of the transaction were not disclosed.