News Releases

Date Title  
Toggle Summary Allied Motion Acquires Spectrum Controls, Inc., a Leader in Industrial Control Solutions
AMHERST, N.Y. --(BUSINESS WIRE)--Dec. 31, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired Spectrum
Toggle Summary Allied Motion Acquires ALIO Industries, a Global Leader in Nano Precision Motion Control Solutions
AMHERST, N.Y. --(BUSINESS WIRE)--Nov. 4, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired ALIO
Toggle Summary Allied Motion Declares Quarterly Cash Dividend
AMHERST, N.Y. --(BUSINESS WIRE)--Nov. 3, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors, at its
Toggle Summary Allied Motion Reports 9% Revenue Growth and Record Orders and Backlog in Third Quarter 2021
Revenue grew 9% to $103.5 million over the prior-year period, driven by strong recovery in Industrial markets Gross margin expanded 120 basis points to 30.9% year-over-year and 20 basis points sequentially on higher volume, strategic pricing and improved mix Achieved net income of $6.0 million , or
Toggle Summary Allied Motion Expands Motion System Solution Capabilities with Acquisition of ORMEC Systems Corp.
AMHERST, N.Y. --(BUSINESS WIRE)--Nov. 2, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired ORMEC Systems Corp.
Toggle Summary Allied Motion Announces Third Quarter 2021 Financial Results Conference Call and Webcast
AMHERST, N.Y. --(BUSINESS WIRE)--Oct. 21, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that it will release its third quarter 2021 results
Toggle Summary Allied Motion Selected to University at Buffalo Fast 46
AMHERST, N.Y., October 7, 2021 -- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that the Company was named to the University at
Toggle Summary Allied Motion Declares Quarterly Cash Dividend
AMHERST, N.Y. --(BUSINESS WIRE)--Aug. 4, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors, at its
Toggle Summary Allied Motion Reports Strong Revenue Growth and Record Orders and Backlog in Second Quarter 2021
Revenue of $101.5 million , up 17% over the prior-year period, driven by recovery in Vehicle and Industrial markets Gross margin of 30.7% expanded 20 basis points quarter-over-quarter and 110 basis points sequentially on higher volume and improved mix Achieved net income of $4.6 million , or $0.32
Toggle Summary Allied Motion Announces Second Quarter 2021 Financial Results Conference Call and Webcast
AMHERST, N.Y. --(BUSINESS WIRE)--Jul. 22, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that it will release its second quarter 2021 results