Allient Acquires Sierramotion, a Leading Designer and Manufacturer of High Performance Motion Solutions
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“Sierramotion and Allient are well known to each other as they have collaborated and partnered in the past to develop industry leading solutions for the motion market. The engineering team at Sierramotion brings decades of experience in designing solutions for complex motion control problems, which we believe will advance our integrated motion solutions strategy and further enable our reach into our targeted end markets,” commented Dick Warzala, Chairman and CEO. “Sierramotion excels at providing rapid product development, prototyping, and low volume production to improve speed-of-play for its customers. As part of the Allient family, we see the potential to enhance these capabilities by providing larger scale production capabilities for Sierramotion customers by leveraging the Allient global manufacturing footprint.”
Founded in 2019 and headquartered in
Rob Mastromattei, Sierramotion Co-founder, noted, “We are excited to be joining Allient, which provides a comprehensive global manufacturing platform to further scale our business and drive innovation for our customers. We look forward to a bright future together.”
Financial terms of the transaction were not disclosed.
About Allient Inc.
Allient (Nasdaq: ALNT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, agriculture, transportation, robotics and automation. Allient is a family of companies driven by the same goal: to act as one team to provide the most robust, reliable, and high-value products and systems in Motion, Controls, and Power— from mobile weapons systems used by the military to powered wheelchairs that enhance people’s lives.
Allient solutions enable applications that address customers’ most critical challenges so they can seize new opportunities and change the game. The Company’s strategy is to deliver innovative solutions for its targeted markets to drive growth, while adding new technologies and capabilities through acquisition. Headquartered in
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Investor Contacts:
Deborah K. Pawlowski / Craig P. Mychajluk
Kei Advisors LLC
716-843-3908 / 716-843-3832
dpawlowski@keiadvisors.com / cmychajluk@keiadvisors.com
Source: Allient Inc.
