News Releases

Date Title  
Toggle Summary Allied Motion Appoints Ken May as Corporate Vice President and Chief Technology Officer
AMHERST, N.Y. --(BUSINESS WIRE)--Aug. 15, 2022-- 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 Ken May has been named Corporate
Toggle Summary Allied Motion Reports Record Gross Margin of 32.4% on Revenue of $122.7 Million in Second Quarter 2022
Revenue grew 21% to a record $122.7 million , with organic growth of 10% Gross margin expanded to a record 32.4%, up 170 basis points year-over-year and 320 basis points over the sequential 2022 first quarter, despite ongoing supply chain disruptions as well as material and labor inflation Achieved
Toggle Summary Allied Motion Declares Quarterly Cash Dividend
AMHERST, N.Y. --(BUSINESS WIRE)--Aug. 3, 2022-- 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 approved a
Toggle Summary Allied Motion Announces Second Quarter 2022 Financial Results Conference Call and Webcast
AMHERST, N.Y. --(BUSINESS WIRE)--Jul. 20, 2022-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, today announced that it will release its second
Toggle Summary Allied Motion Technologies Adds Precision Linear and Rotary Motor Technology with Acquisition of Airex, LLC
Airex brings a 70 year proven history in advancing electromagnetic solutions, including linear and rotary motor technology Further enhances Allied’s product offering in key end markets such as Defense, Life Sciences, Semiconductor and other Industrial end markets AMHERST, N.Y.
Toggle Summary Allied Motion Technologies Expands Defense Market Penetration with Acquisition of FPH Group
FPH brings composite and electrification technologies to create integrated custom critical solutions characterized by being compact, lightweight and energy efficient AMHERST, N.Y. --(BUSINESS WIRE)--May 31, 2022-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a
Toggle Summary Allied Motion Technologies Completes Acquisition of ThinGap
AMHERST, N.Y. --(BUSINESS WIRE)--May 24, 2022-- 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 completed the
Toggle Summary ThinGap, a Leader in High Performance Motors, to Join with Allied Motion Technologies
Combination enables deeper reach into medical, A&D, semiconductor and robotics AMHERST, N.Y. --(BUSINESS WIRE)--May 9, 2022-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and
Toggle Summary Allied Motion Reports 13% Revenue Growth and Record Orders and Backlog in First Quarter 2022
Revenue grew 13% to $114.8 million , with organic growth of 5.3% Gross margin was 29.2%, up 50 basis points over the sequential 2021 fourth quarter, despite ongoing supply chain disruptions as well as material and labor inflation Record orders of $155.3 million drove a book-to-bill ratio of 1.4x
Toggle Summary Allied Motion Declares Quarterly Cash Dividend
AMHERST, N.Y. --(BUSINESS WIRE)--May 4, 2022-- 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 approved a