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BRIEF-Allied Motion Technologies- Has Acquired Airex, Llc

BY Reuters
— 9:45 AM ET 06/21/2022

Allied Motion Technologies Inc (AMOT):

* ALLIED MOTION TECHNOLOGIES (AMOT)- HAS ACQUIRED AIREX, LLC

* ALLIED MOTION TECHNOLOGIES INC (AMOT)- AIREX IS EXPECTED TO BE ACCRETIVE TO BOTH ALLIED'S MARGIN PROFILE AND EARNINGS PER SHARE IN FIRST YEAR

* ALLIED MOTION TECHNOLOGIES INC (AMOT)- FINANCIAL TERMS OF TRANSACTION WERE NOT DISCLOSED Source text for Eikon: Further company coverage:

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