Moog has acquired Aspen Motion Technologies (Aspen), a subsidiary of Pentair. The purchase price is approximately US$34 million.
Aspen, founded in 1996, is a designer and manufacturer of high-performance permanent magnet brushless DC motors, integrated digital controls and motorised impellers for motors.
Aspen also specialises in custom motor designs for end product integration and product enhancement in a variety of high-performance industrial applications. Revenues for 2012 were approximately $36 million.
“The addition of the Aspen products fills a product and technology gap for our existing customer base,” said Larry Ball, President of Moog Components Group.
“Their engineering and manufacturing expertise not only brings us new opportunities, but also a number of valued customers that will add to our existing base.”
In Australia, Moog is headquartered in Mulgrace, Victoria. The company is a designer, manufacturer, and integrator of precision control components and systems.
Moog’s systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment.