ANN ARBOR Technologies and Dynics have entered into an agreement to merge operations through the purchase of Ann Arbor Technologies assets and liabilities by Dynics for an undisclosed sum.
The company will keep the Dynics name with Ed Gatt, owner and president of Dynics, remaining as company president while James Drenning and Rick Barnich, both principles and officers of Ann Arbor Technologies, will both serve on the corporate board and maintain executive positions at Dynics.
Dynics will support and promote the Ann Arbor Technologies and Dynics product lines through the combined existing distribution and representative channel of more than 50 firms. To accommodate the combined companies, operations will be moved to a new 15,000-sq.-ft. office and manufacturing facility located in Ann Arbor, MI.
This combination of two similar sized firms gives us an opportunity to not only gain economies of scale from increased size, operational efficiencies and lower production costs, but also position the company for future growth by offering a full product line of flat screen industrial computers, touchscreen monitors and system enclosures to the marketplace through our expanded distribution channel, states Ed Gatt. In addition, the merger also allows us to take advantage of increased cash flows that can be used for additional product advertising and promotion along with exploring additional markets outside of industrial automation that require rugged computers.
James Drenning, president of Ann Arbor Technologies, mentions, Our two companies are very complementary. Our product-based strategy offsets Dynics custom project based business and our joint employee skill sets fill gaps in both organizations. The combined product and resource strength of the two companies paves the way for future growth.
The transaction is expected to be final by end of the month.
