FPH: Allied Motion Buys FPH Group to Grow Defense Market Footprint; Dick Warzala Quoted

Allied Motion Technologies (Nasdaq: AMOT) has acquired electrical drive systems provider FPH Group for an undisclosed sum as part of efforts to expand its presence in the defense market. "This acquisition is an excellent strategic fit as it provides us with a deeper penetration within defense applications including the necessary manufacturing licenses and certifications, which