Moog Inc. (MOG-A) completes acquisition of GAT
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Moog Announces Agreement to Acquire GAT
December 2, 2019 4:45 PM ESTEAST AURORA, N.Y.--(BUSINESS WIRE)-- Moog Inc. (NYSE: MOG.A and MOG.B) announced today that it 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 is headquartered in Geisenheim, Germany and has approximately 200 employees.
GAT is a world leader in the design and manufacture of high-end fluid rotating unions and slip rings. The companys products are used in a variety of applications including specialty industrial machinery, machine tools, steel mills, medical products, wind turbines, and semiconductor fabrication.
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