Invacare Corp. has completed the sale of its Dynamic Controls subsidiary to Amherst, New York-based Allied Motion Technologies Inc. As part of Invacare’s strategy to enhance its products, the transaction is expected to open the door to relationships which can provide access to technological innovations to further differentiate the company’s powered mobility products. The transaction was completed on March 7.
“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,” Invacare Chairman, President and CEO Matt Monaghan said in a statement. “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. This will also help accelerate the adoption of healthcare informatics technology, such as MyLiNX™, and enable our products to continue improving patient care. We are excited about the opportunities this new partnership can bring to both companies.”
As part of this deal, Invacare has entered into a long-term product supply agreement with Dynamic Controls. This agreement includes ongoing supply and support of the LiNX™ system, one of the most advanced control solutions for powered wheelchairs that heightens the driving experience for patients, while also making the chairs easier for professionals to program and configure. The agreement 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. The informatics help to build patient confidence by enabling the patient and provider to easily share data while facilitating efficient troubleshooting.
Allied Motion is a global company that designs, manufactures and sells precision and specialty motion-control components and systems used in a broad range of industries. Its products and highly engineered electrical systems help power recreational, emergency and specialty vehicles across the world.
“The acquisition of Dynamic Controls provides us another building block in becoming one of the world’s motion solutions leaders,” Allied Motion Chairman, President and CEO Richard S. Warzala said in a statement. “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.”
Baird served as exclusive financial adviser.