Buyer: Allied Motion Technologies
Seller: Invacare Sale of Dynamic Controls
Sector: HME, Medical Supply
ELYRIA, Ohio – Invacare has completed the sale of its Dynamic Controls subsidiary to Amherst, N.Y.-based Allied Motion Technologies. As part of the deal, Invacare has entered into a long-term product supply agreement with Dynamic Controls that includes ongoing supply and support of the LiNX system, a control solution for power wheelchairs.
“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,” said Matthew Monaghan, chairman, president and CEO of Invacare. “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. 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.”
The agreement also includes 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. Allied Motion designs, manufactures and sells precision and specialty motion-control components and systems used in a broad range of industries.
“We are eager to begin working with the Dynamic Controls team to inspire the development of new and innovative motion control products,” said Richard Warzala, chairman, president and CEO of Allied Motion. “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.”