Allied Motion Technologies
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| Public company | |
| Traded as | NASDAQ: AMOT |
| Industry | Electromechanical |
| Predecessor | Hathaway Corporation |
| Founded | 1939 |
| Headquarters | Amherst, New York, United States |
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Number of locations
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14 |
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Areas served
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Worldwide |
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Key people
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Richard S. Warzala (Chairman of the Board, President, Chief Executive Officer) |
| Products | Electro-magnetic, mechanical and electronic motion technology |
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Number of employees
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1046 |
| Website | www |
Allied Motion Technologies Inc. (NASDAQ: AMOT) is a U.S. public corporation headquartered in New York, United States that produces precision and specialty motion control components and systems for commercial, industrial, aerospace and defense markets.
The company now operates facilities in the United States, Canada, Mexico, Europe and Asia and sells its products globally. The company provides motion control products and systems as solutions for a range of applications in several target markets including aerospace and defense, medical, vehicle, commercial, and industrial. The company designs and manufactures electric motors, electronic motion control components, gear motors, transaxles and traction wheels, control electronics and drives, and optical encoders. It sells its products primarily to original equipment manufacturers (OEMs) utilizing its own direct sales force, independent sales representatives and distributors.
Allied Motion was founded in January 1939 in Denver, Colorado by Claude Hathaway under the name of Hathaway Instruments Company. The company developed and successfully sold electrical instruments to a number of industries through the 1940s and early 1950s.
In 1955, the Hamilton Watch Company purchased the company from Mr. Hathaway. It was operated as a division of Hamilton until January 1960, when the division was purchased by an investor group composed in part of executives working in the division. The new company was named Hathaway Instruments, Inc. The company became a U.S. public company in 1962 under the laws of Colorado, originally named 5800 Corporation. Within days of incorporation the name of the company was changed to Hathaway Instruments Inc.
In 1982 the name of the corporation was again changed to Hathaway Corporation. By 1995, the company had developed, and was manufacturing and selling instrumentation used to monitor and control the operations of power generating, transmission and distribution facilities of electric utility and process control companies. The company had also established a nascent motion control business. At this time, Hathaway Corporation consisted of two wholly owned subsidiaries, Hathaway Systems Corporation (HSC) and subsidiaries and Computer Optical Products, Inc. The Company’s name was also changed to Hathaway Corporation. The motion control business was organized into two divisions and one subsidiary: Hathaway Motion Control, Hathaway Motors and Instruments and Computer Optical Products, Inc., respectively. Between 1962 and 2001 Hathaway executed several acquisitions and mergers of subsidiaries into the parent corporation. In addition, joint ventures in China were established and other acquisitions occurred.
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