Invacare sells powerchair controls business
Invacare has completed the sale of its Dynamic Controls subsidiary to Allied Motion Technologies and entered into a long-term product supply agreement with the company.
According to Invacare, the move will open up relationships which can provide the global mobility manufacturer with access to technology innovations to further differentiate its powered mobility ranges.
Headquartered in Amherst, New York, Allied Motion Technologies designs, manufactures and sells precision and speciality-controlled motion products and solutions across a broad range of industries, including mobility and access sectors.
Selling into markets across the world, the company is primarily focused on controlled motion applications, Allied Motion Technologies’ products include brush & brushless DC motors and gear motors.
Matt Monaghan, Chairman, President and Chief Executive Officer of Invacare Corporation, said: “As so much of our business is based on electromotive propulsion, we are pleased to be working more closely with a leading innovator of motion technology to pave the way for better integrated propulsion systems in the future.”
The long-term product supply agreement with Dynamic Controls will include ongoing supply and support of the LiNX system, continued support of the MyLiNX informatics platform, as well as the infrastructure and applications that drive the healthcare informatics solution for Invacare’s respiratory products.
“By entering into a strategic relationship with Allied Motion, we can create exciting new opportunities to accelerate technical advances in power wheelchairs through closer integration of the key control and motor technologies and expect other novel innovations as a result,” continued Monaghan.
“Through this transaction, Dynamic Controls’ technology can be combined with Allied Motion’s unique capabilities as a leading electromotive technology company to drive the next horizon of innovation.”
According to Monaghan, the new relationship will also help accelerate the adoption of Invacare’s healthcare informatics technology, such as MyLiNX.
Richard S. Warzala, Chairman, President and Chief Executive Officer of Allied Motion said: “The acquisition of Dynamic Controls provides us another building block in becoming one of the world’s motion solutions leaders.
“We are eager to begin working with the Dynamic Controls team to inspire the development of new and innovative motion control products. We are also looking forward to a mutually beneficial relationship with the Invacare team, by providing products, service and support for Invacare’s powered mobility and respiratory portfolios.”
The sale comes following Invacare’s financial results for 2019 which saw the global mobility supplier reduce its global operating loss by over £6 million and achieve sales over £718 million.
The transaction was completed on March 7, 2020.https://thiis.co.uk/invacare-sells-powerchair-controls-business/https://i0.wp.com/thiis.co.uk/wp-content/uploads/2020/03/Invacare-Linx.jpg?fit=900%2C620&ssl=1https://i0.wp.com/thiis.co.uk/wp-content/uploads/2020/03/Invacare-Linx.jpg?resize=150%2C150&ssl=1Mergers & AcquisitionsNewsroomSupplier NewsTrade NewsAllied Motion,Allied Motion Technologies,Dynamic Controls,electromotive propulsion,Invacare,LiNX,Matt Monaghan,mobility manufacturer,MyLiNX,powerchairs controllersInvacare has completed the sale of its Dynamic Controls subsidiary to Allied Motion Technologies and entered into a long-term product supply agreement with the company. According to Invacare, the move will open up relationships which can provide the global mobility manufacturer with access to technology innovations to further differentiate its...Calvin BarnettCalvin Barnettcalvin@thiis.co.ukAdministratorTHIIS Magazine