Deal Details

Sale of Dynamic Controls to Allied Motion Technologies, Inc.

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Summary

About

Invacare Corporation (“Invacare”) (NYSE:IVC) completed the sale of Dynamic Controls (“Dynamic” or the “Company”) to Allied Motion Technologies, Inc. (“Allied Motion”) (NASDAQ:AMOT).

Invacare is a leading manufacturer and distributor in its markets for medical equipment used in non-acute care settings. At its core, Invacare designs, manufactures and distributes medical devices that help people to move, breathe, rest and perform essential hygiene. Invacare provides clinically complex medical device solutions for congenital (e.g., cerebral palsy, muscular dystrophy, spina bifida), acquired (e.g., stroke, spinal cord injury, traumatic brain injury, post-acute recovery, pressure ulcers) and degenerative (e.g., ALS, multiple sclerosis, chronic obstructive pulmonary disease (COPD), elderly, bariatric) ailments. Invacare is headquartered in Elyria, Ohio.

Founded in 1973, Dynamic offers a comprehensive line of high functionality electronic control systems for power mobility products to customers in North America, Europe and the Asia Pacific region. Dynamic's products include controllers for power wheelchairs and scooters, and ancillary product and service lines such as programming and diagnostic applications as well as printed circuit boards. Dynamic's well-established customer base consists of leading mobility brands, large OEMs and contract manufacturers. The Company is headquartered in Christchurch, New Zealand.

Allied Motion designs, manufactures and sells precision and specialty-controlled motion products and solutions used in a broad range of industries within major served markets, which include Vehicle, Medical, Aerospace & Defense, and Industrial. Allied Motion is headquartered in Amherst, New York, has global operations and sells into markets across the United States, Canada, South America, Europe and Asia.

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