Moog Inc. (NYSE: MOG.A and MOG.B) 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 complements Moog’s core slip ring business, expanding its offering into fluid rotary products.
Geisenheim, Germany headquartered 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.
The company, which has approximately 200 employees, anticipates 2019 year-end sales of €34 million (approximately $37.7 million).
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Its high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine, and medical equipment.