“The addition of the Aspen products fills a product and technology gap for our existing customer base,” says Larry Ball, president of Moog’s Components Group. “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.”   

As well as volume production, Aspen also specialises in custom motor designs for end-product integration and product enhancements in high-performance industrial applications.

The company, based in Radford, Virginia, integrates motor and control designs with OEM customers’ products in a variety of markets, including medical, computer peripherals, appliances, transportation, instrumentation and automation. One of its stated goals is “to put a computer (digital signal processor) in every electric motor”.

The acquisition is expected to add about $20m for the seven months remaining in Moog’s 2013 fiscal year, which ends in September. It will be neutral to Moog’s 2013 earnings per share due to first-year purchase accounting adjustments.