January 19, 2018 / 5:19 PM / 8 months ago

BRIEF-Allied Motion Acquires Equipment Steering Business From Maval Industries

Jan 19 (Reuters) - Allied Motion Technologies Inc:

* ALLIED MOTION ACQUIRES ORIGINAL EQUIPMENT STEERING BUSINESS FROM MAVAL INDUSTRIES

* ALLIED MOTION TECHNOLOGIES INC - ACQUISITION IS EXPECTED TO BE ‘NEUTRAL TO SLIGHTLY ACCRETIVE’ TO EARNINGS FOR ALLIED IN 2018

* ALLIED MOTION TECHNOLOGIES- ‍ONCE CARVE-OUT COMPLETE, ORIGINAL EQUIPMENT STEERING BUSINESS TO BE LOCATED WITHIN ITS OWN DEDICATED FACILITY IN TWINSBURG​ Source text for Eikon: Further company coverage:

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