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3200 Patrick Henry Dr.
Santa Clara, CA, 95054
Press release date: May 24, 2011
Animatics announces that effective today it has been acquired by Moog Incorporated, a motion-control leader 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 servo motors 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(TM) product lines. "We had an advantage when it came to understanding the importance of this technology," adds Larry 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."
Indeed, Animatics, an INC. 500th company with offices in California, New York, Germany and Tokyo, did correctly anticipate the direction of the industry when it developed the technology and drafted the patents detailing the inclusion of microprocessors, power supplies and power transistors directly into the motors themselves. "SmartMotors simply make machine-design FUN," says inventor and co-founder Robert Bigler, "Machine designers no longer have to waste time and money laying out cabinets full of wires and controls - they can just focus on the fundamental machine elements, sprinkle some SmartMotors throughout, and network them together. An array of SmartMotors make one simple system capable of controlling not just the motion, but the whole machine." Bigler claims that machines developed with SmartMotors are reported to get to market faster, perform more reliably and prove easier to service.
"What makes this deal so exciting," says Bigler, "is that Moog has a history of building up the companies it takes in, adding resources to build long-term shareholder value instead of stripping them down for the short-term appearance of financial gain." In fact, Moog is planning no changes to the Animatics organization except to expand upon its existing technologies, facilities and channels to market. "Animatics is not a company that needs fixing" says Ball, "They also happen to be an outstanding financial performer, turning a profit even during the downturn and expertly financing their outstanding growth with only internally-generated cash. It will be fascinating to see what they will accomplish now, with some real power and additional Moog technology behind them."
Animatics Corporation is Defining the Future in Motion Control. Located in the heart of Silicon Valley, Animatics designs, manufactures, and markets motion control products and systems, and has over 24 years in the motion control industry. Animatics is Defining the Future in Motion Control!