- Allied Motion Technologies, Inc. (NASDAQ:AMOT) has acquired ALIO Industries, an innovator and manufacturer of advanced linear and rotary motion systems for nano-precision applications, for $20 million.
- The purchase price consists of $15 million in cash and $5 million in Allied common stock. The deal also includes potential earn-out payments over the next three years based upon ALIO achieving specific annual EBITDA targets.
- Arvada, Colorado-based ALIO is an innovator and manufacturer of advanced linear and rotary motion systems for nano-precision applications.
- Allied Motion held cash and equivalents of $19.2 million as of September 30, 2021.
- Yesterday, Allied Motion reported its Q3 results, with EPS of $0.41, beating the $0.31 estimate, and revenue of $103.51 million, surpassing the consensus of $102.57 million.
- Price Action: AMOT shares are trading higher by 13.1% at $41.73 on the last check Thursday.
Remitly To Acquire Rewire For ~$80M
Remitly and Rewire share a commitment to transform the lives of millions of immigrants and their families with the most trusted and innovative financial services products.
Remitly Global, Inc., (NASDAQ:RELY)
