Invacare Corporation (“Invacare”)(NYSE:IVC), today announced that the company has completed the sale of its Dynamic Controls subsidiary to Allied Motion Technologies, Inc. (“Allied Motion”)(Nasdaq: AMOT), of Amherst, New York. As part of the company’s strategy to enhance its products, the transaction marks a significant step forward by opening the door to relationships which can provide access to technological innovations to further differentiate the company’s powered mobility products. The transaction was completed on March 7, 2020. Invacare Corporation is a leading manufacturer and distributor in its markets for medical equipment used in non-acute care settings.
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Source: https://www.businesswire.com/news/home/20200309005251/en/%C2%A0Invacare-Corporation-Announces-Sale-Dynamic-Controls-Business