Moog acquires majority stake in metal-additive manufacturing firm
Moog hopes to incorporate additive manufacturing into its aerospace, defense, energy and industrial products
EAST AURORA, N.Y.—Aerospace control technology manufacturer Moog Inc. has acquired a 70 per cent ownership of Linear Mold and Engineering (LME) with an option to acquire the remaining stake.
Terms of the investment were not disclosed.
The privately held LME, based in Livonia, Mich., has 120 employees and specializes in metal additive manufacturing (AM). 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.
“We are excited to welcome Linear to Moog,” said Sean Gartland, vice-president of strategic growth initiatives at Moog. “We see significant potential for metal additive solutions in our core markets [of] aerospace, defense and industrial applications, in addition to the markets and customers that Linear is already serving.”
LEM’s financial results will be reported as part of Moog’s Aircraft Controls segment.
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems for military and commercial aircraft, satellites, space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment.
LME is a service-focused mold and tooling maker for plastic forming applications. As one of the early adopters of metal additive manufacturing (AM) in North America, the company was able to exploit the advantages it offered for enhanced product feature sets, rapid design cycles and high customization.