Analogic signs agreement to acquire Copley Controls
Analogic signed an agreement to acquire Copley Controls, adding precision motion-control systems and MRI gradient amplifiers.
Evidence notes
- Analogic announced the agreement on March 6, 2008.
- The purchase price was approximately $68.75 million in cash plus a tax-related reimbursement.
- Copley was expected to become a wholly owned subsidiary after closing.
Company context
Copley Controls supplies compact servo and stepper drives for robotics, mobile robots, semiconductor equipment, aerospace and medical systems. Its mobile-robotics materials position the drives for AGV and AMR motion-control applications.