Moog Inc. (NYSE: MOG.A and MOG.B) 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 complements Moog’s core slip ring business, expanding its offering into fluid rotary products.

Geisenheim, Germany headquartered GAT is a world leader in the design and manufacture of high-end fluid rotating unions and slip rings.

The company’s products are used in a variety of applications including specialty industrial machinery, machine tools, steel mills, medical products, wind turbines, and semiconductor fabrication.

The company, which has approximately 200 employees, anticipates 2019 year-end sales of €34 million (approximately $37.7 million). | To read full story, visit https://startuparound.com/read/1575327608.6230497/Moog-to-Acquire-GAT?ref=audio_experience