Globe motors
Founded in 1940, Globe Motors has more than 500 employees worldwide, with headquarters in Dayton, Ohio, and offices in Dothan, Alabama, Reynosa, Mexico, and Porto, Portugal. Globe Motors is well-known in the industry for providing high-quality customization and innovative sports solutions to customers in target markets. Globe Motors full-year revenue in 2012 was approximately $106 million, a record high, and full-year revenue for the third quarter of 2013 reached approximately $114 million. Allied Motion Technologies Inc. (NASDAQ: AMOT) acquired Globe Motors from Safran USA, Inc. on October 18, 2013 for a cash consideration of approximately $90 million and did not inherit any book cash or debt.