Moog Components Group Has Been Supplying the Core Motor Components for Animatics Integrated Servo Motors, but Will Now Purchase the Company for About $25 Million
After more than a decade supplying the core motor components to Animatics for its line of integrated servo motors, Moog has acquired Animatics for about $25 million in stocks and cash.
Animatics, founded in 1987, supplies SmartMotor servo motors and linear actuators used in a variety of industrial, medical and defense applications, including factory automation, flight simulation, and camera and weapons stabilization. Moog Components Group supplies the core motor components to Animatics for the SmartMotor product lines.
“The acquisition of Animatics brings several very strong products to our motion technology portfolio, as well as a sophisticated distribution network that reaches hundreds of customers worldwide,” said Larry Ball, president of Moog Components Group.
Sales for Animatics are expected to be about $5 million for the balance of Moog’s 2011 fiscal year.
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