Allied Motion Closes 2021 With Three Acquisitions

Allied Motion Technologies, a designer and manufacturer of precision and specialty controlled motion products, acquired ALIO Industries, a manufacturer of advanced linear and rotary motion systems for nano-precision applications. The purchase price of $20 million consisted of $15 million in cash and $5 million in common stock. In addition, there are potential earn-out payments over the next three years based on ALIO achieving certain annual EBITDA targets.