Radford motor manufacturer purchased by Moog

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Aspen Motion Technologies has been purchased by Moog Inc. for $34 million.

The Radford-based company, a designer and manufacturer of permanent magnet motors, controls and motorized impellers for motors, was founded in 1996. Its revenues for 2012 were about $36 million.

“The addition of the Aspen products fills a product and technology gap for our existing customer base,”  Larry Ball, president of Moog Components Group of East Aurora, N.Y., said in a statement.  “Their engineering and manufacturing expertise not only brings us new opportunities, but also a number of valued customers that will add to our existing base.” 

Moog is a designer, manufacturer and integrator of precision control components and systems.

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