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Moog Inc. announced that it has acquired a 70 percent ownership of Linear Mold and Engineering with an option to acquire the remaining 30 percent. Terms of the investment were not disclosed.
The privately held Linear Mold and Engineering, based in Livonia, Michigan, has 120 employees and specializes in metal additive manufacturing. Linear provides engineering, manufacturing and production consulting services to customers across a wide range of industries including aerospace, defense, energy and industrial.
Sales for the 12 months ended September 2015 were approximately $21 million. The acquisition is expected to be neutral to Moog's 2016 earnings per share.
The financial results will be reported as part of the Aircraft Controls segment.
Keywords: Additive Manufacturing, Engineering, Manufacturing Consulting, Production Consulting, ARC Advisory Group.