Moog Acquires Animatics
Animatics recently announced it has been acquired by Moog Incorporated, a motion-control specialist with a market capitalization of over $1.8 billion. "This is a historic and powerful next-step in the evolution of Animatics" says Doug Parentice, president of Animatics. "There is no denying at this point that the electronics to operate precision servomotors in many, and ultimately most applications belong in the motors themselves and that the integrated motor will eventually be the standard form," says Larry Ball, Moog's components group president. "We saw the opportunity to make the market leader a part of Moog and took it."
This isn't the first interaction between Moog and Animatics. For more than a decade, Moog has supplied the core motor components to Animatics for their most popular SmartMotor product lines. "We had an advantage when it came to understanding the importance of this technology," adds Ball, "We could see the success first-hand by the growth of our own sales to Animatics and how they were dramatically outpacing the growth of the industry itself."