Allied Motion Technologies, a designer and manufacturer of precision and specialty controlled motion products, acquired ALIO Industries, a manufacturer of advanced linear and rotary motion systems for nano-precision applications. The purchase price of $20 million consisted of $15 million in cash and $5 million in common stock. In addition, there are potential earn-out payments over the next three years based on ALIO achieving certain annual EBITDA targets.

Headquartered in Arvada, Colo., outside Denver, ALIO designs, engineers, and manufactures nanotechnology motion systems for applications in robotics, silicon photonics, micro assembly, digital pathology, genome sequencing, laser processing, and microelectronics.

The acquisition comes on the heels of Allied Motion Technologies’ purchase of ORMEC Systems Corp., a manufacturer of electro-mechanical automation solutions and motion control products, including multi-axis controls, actuators for the automation and aerospace industries, and servo-control and servo-positioning systems.