Germantown-based TCI LLC has been acquired by Amherst, New York-based Allied Motion Technologies Inc. for $64.1 million. The transaction closed Dec. 6.
TCI develops and manufactures products that resolve power quality and harmonic issues associated with industrial power conversion. Its products are used in the oil and gas, HVAC, water and wastewater, and general industrial markets. The company, founded in 1961, has about 165 employees. Its 2018 revenue is expected to be approximately $45 million.
Allied Motion designs, manufactures and sells precision and specialty controlled motion components and systems. Its products are used in DC, servo and torque motors and other motion control products, and distributed globally. Allied Motion has 1,461 employees.
In the integration, Allied Motion plans to keep TCI’s facility and all its employees in place, said Deborah Pawlowski, spokeswoman for Allied Motion. Allied intends to grow TCI, expanding its reach globally and into new markets.
“TCI broadens and strengthens our position as a leading global diversified solutions provider in the controlled motion market,” said Dick Warzala, chairman and chief executive officer of Allied Motion. “Their adjacent technologies and capabilities enable more efficient and longer life solutions for motion devices in a wide variety of demanding applications. We believe TCI’s technology and products will be a valuable addition to our expanding suite of solution offerings to further enhance the value creation opportunity that Allied brings to its customers. Additionally, TCI is expected to improve Allied’s overall margin profile and to be immediately accretive.”
