Allied Motion Technologies (Nasdaq: AMOT) has acquired electrical drive systems provider FPH Group for an undisclosed sum as part of efforts to expand its presence in the defense market.
“This acquisition is an excellent strategic fit as it provides us with a deeper penetration within defense applications including the necessary manufacturing licenses and certifications, which is a key end market focus for Allied,” Dick Warzala, chairman and CEO of Allied Motion, said in a statement published Monday.
“FPH has a proven relationship with leading defense prime contractors, which we believe we can leverage for future modernization designs as we combine Allied’s scale and defense solutions with FPH’s knowledge base of electrical, mechanical, fluid dynamics and composite technologies,” added Warzala.
Founded in 1997, Canada-based FPH also produces light weighting technologies for ground-based military vehicles. The company offers concept engineering, prototyping, production and validation capabilities and develops advanced materials, composites and hybrid systems and related products.
Amherst, New York-based Allied Motion designs and manufactures precision controlled motion products for aerospace and defense, industrial, medical, vehicle and electronic markets.
