- Home » News » World News
Allied Motion becomes Allient and aims for £1bn of sales
The US-headquartered motion control specialist Allied Motion Technologies has changed its name to Allient and is aiming to almost double its revenues to more than $1bn. The company, whose headquarters are in Buffalo, New York, and employs more than 2,250 people around the world, designs and manufactures precision and specialty motion, controls and power products and systems for targeted industries and applications.
Allied can trace its history back to 1962, when Hathaway Corporation was incorporated as a public company with revenues of $15.7m, mainly from motors. In 2003, it was renamed Allied Motion Technologies. Over the past 20 years, Allied has acquired 16 other businesses, including Premotec in 2004, Ostergrens in 2010, Globe Motors in 2013, Heidrive in 2016, Dynamic Controls in 2020, Ormec, Alio and Spectrum Controls in 2021, and ThinGap and Airex in 2022.
Allied has now become Allient (Allied Nexus Technologies) with three brands:
• Allied Motion, covering technologies such as brushless motors, brushed DC motors, gear-motors and encoders;
• Allied Controls, serving markets including industrial automation and medical mobility; and
• Allied Power, whose products include motor protection and filters, targeting multiple markets.
The business currently generates revenues of $557.8m and has a market capitalisation of $540.6m. Since 2017, it has been growing by around 15% a year.
“For the past 20 years, we have successfully executed our strategy and expanded our capabilities to be a leading global provider of motion solutions,” says Allient’s chairman, president and CEO, Dick Warzala. “More recently, we have been building our controls and power technologies capabilities, both organically and through acquisitions.
“The evolution of these additional pillars of our business enhances our overall value proposition and expands our addressable markets,” he adds. “Our advancements required a refinement of our strategy to leverage the value opportunity that exists at the nexus of our three technology pillars – Motion, Controls and Power.
“Overall, the breadth and depth of our technology offerings, expanded market opportunities and an increased focus on offering solutions for targeted vertical markets creates a path to achieve our growth goals. We believe in time we can generate over $1bn in annual revenue, expand gross margin and deliver operating margin in the mid-teens leading to adjusted EBITDA margin in the high-teens.”
To reflect its new name, Allient has launched a new Web site which reflects the evolution of the business and its strategy to transform itself from a products-based motion control business to “a solutions-oriented company” offering motion, controls and power technologies for a variety of applications.
A presentation explaining Allient’s operations and plans can be found here.
