Moog Inc. (MOG-A) completes acquisition of GAT

Moog Inc. (NYSE: MOG.A) (NYSE: MOG-A) announced today that it has completed the acquisition of Gesellschaft für Antriebstechnik mbH and GAT Inc. (GAT) for a purchase price of €48.5 million (approximately $53.8 million). GAT is headquartered in Geisenheim, Germany and has approximately 200 employees.

GAT is a world leader in the design and manufacture of high-end fluid rotating unions and slip rings. The company’s products are used in a variety of applications including specialty industrial machinery, machine tools, steel mills, medical products, wind turbines, and semiconductor fabrication.

“We are pleased to welcome GAT to Moog’s expanding line of high-performance motion products,” said Pat Roche, President of Moog’s Industrial Systems segment. “This business complements our core slip ring business, expands our offering into fluid rotary products and allows us supply fully integrated slip ring/rotary union solutions – thereby increasing the value we deliver to our customers. The GAT product offering, engineering expertise and manufacturing capability will strengthen our market position.”

GAT anticipates 2019 year-end sales of €34 million (approximately $37.7 million). The business was founded in 1978 and has a successful history of providing fluid rotary unions into a diverse customer base, primarily in Europe, and over the past 10 years has expanded sales into China and the U.S. regions.

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