Moog Inc. announced that it has acquired Animatics Corp. The purchase price is approximately $25 million consisting of 467,749 shares of Moog Class A stock (based on a 30 day average price of $42.76) and $5 million in cash. Animatics, founded in 1987, is a supplier of SmartMotor&trade servo motors and linear actuators used in industrial applications. Animatics had trailing 12 month revenues of $15 million.
Animatics’ integrated servos, or SmartMotors, linear actuators and control electronics are used in a variety of industrial, medical and defense applications including factory automation, flight simulation and camera and weapons stabilization. Animatics’ products solve a broad array of challenging problems, particularly when multi-axis coordination is essential. Moog Components Group supplies the core motor components to Animatics for the SmartMotor product lines.