Blacksburg's Moog buys Radford business - WSLS 10 NBC in Roanoke/Lynchburg Va

Blacksburg's Moog buys Radford business

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BLACKSBURG, VA -

Blacksburg's Moog Inc. has bought a Radford company.

Moog says it spent about $34 million to purchase Aspen Motion Technologies, a subsidiary of Pentair.

Aspen designs and manufactures high performance permanent magnet brushless DC motors, integrated digital controls and motorized impellers for motors, according to Moog.

"The addition of the Aspen products fills a product and technology gap for our existing customer base," said Larry Ball, President of Moog Components Group, in a news release. "Their engineering and manufacturing expertise not only brings us new opportunities, but also a number of valued customers that will add to our existing base."

Moog anticipates the move to add $20 million for the seven remaining months of its 2013 fiscal year, and will be neutral to 2013 earnings per share.

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