Allient Announces Acquisition Of SNC Manufacturing; No Financial Terms Of The Transaction Disclosed
Portfolio Pulse from Benzinga Newsdesk
Allient Inc. (formerly Allied Motion Technologies Inc.), under the ticker ALNT, has acquired SNC Manufacturing, a designer and manufacturer of electrical transformers. The acquisition expands Allient's capabilities in the power technology sector, particularly in defense, industrial automation, and renewable energy. Financial terms were not disclosed. SNC, with $40 million in trailing twelve-month revenue and 440 employees, will become a Technology Unit within Allient's Allied Power Technology Pillar. SNC's leadership, including President and COO Jim Koepke, will remain post-acquisition, reporting to Allient's Corporate VP Ashish Bendre.

January 11, 2024 | 9:29 pm
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Allient's acquisition of SNC Manufacturing is expected to enhance its product offerings and market reach in the power technology sector, potentially leading to revenue growth and operational synergies.
The acquisition of SNC Manufacturing is directly related to Allient's core business and is expected to provide immediate benefits in terms of expanded capabilities and market presence. The retention of SNC's leadership and workforce suggests a smooth integration. However, without financial terms disclosed, the cost and financial impact remain uncertain, which slightly reduces confidence in the analysis.
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