Allied Motion Technologies Inc. announced that it has officially completed the acquisition of Heidrive GmbH, a drive technology and engineering company, for 20 million euro (approximately US $22 million).
Headquartered in Kelheim, Germany, Heidrive designs and manufactures customized, innovative synchronous motion systems for highly demanding applications such as medical technology, robotics, cargo aviation and building technologies, as well as several commercial applications. Heidrive products include a variety of motors, gears and electronic controls.
Heidrive has approximately 220 employees and manufacturing facilities in both Kelheim and Mrakov, Czech Republic.
Heidrive reports that 2015 revenue reached approximately 29 million euro (US $32 million), up about 8% from 2014. Total assets on December 31, 2015 were estimated to be approximately 10 million euros (US $11 million).
Allied Motion Technologies
alliedmotion.com
