Business Combinations (Tables)

12 Months Ended

Dec. 31, 2023

MPH Medical Devices S.R.O

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

he total purchase price for MPH was allocated as follows (in thousands):

	Purchase Price
	Allocation
Cash	$	182
Accounts receivable		1,658
Inventories		957
Property, plant and equipment		12,094
Goodwill		9,863
Other assets		163
Total assets acquired		24,917
Accounts payable		562
Deferred tax liabilities		1,124
Other liabilities		664
Total liabilities assumed		2,350
Total assets acquired, net of liabilities assumed		22,567
Less: cash acquired		182
Purchase price, net of cash acquired	$	22,385

ATI Industrial Automation, Inc.

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price for ATI was allocated as follows (in thousands):

	Purchase Price
	Allocation
Cash	$	10,709
Accounts receivable		12,596
Inventories		18,151
Property, plant and equipment		4,618
Operating lease assets		11,263
Intangible assets		52,800
Goodwill		134,420
Other assets		229
Total assets acquired		244,786
Accounts payable		5,135
Current portion of operating lease liabilities		1,740
Operating lease liabilities		9,525
Other liabilities		4,452
Total liabilities assumed		20,852
Total assets acquired, net of liabilities assumed		223,934
Less: cash acquired		10,709
Add: net working capital adjustment		820
Less: contingent consideration		44,000
Initial purchase price, net of cash acquired	$	170,045

Fair Value of Intangible Assets

The fair value of intangible assets for ATI is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Developed technologies	$	19,800	15 years
Customer relationships		23,900	15 years
Trademarks and trade names		5,600	15 years
Backlog		3,500	1 year
Total	$	52,800

Schneider Electric Motion USA, Inc.

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price for SEM was allocated as follows (in thousands):

	Purchase Price
	Allocation
Cash	$	3,881
Accounts receivable		4,240
Inventories		2,499
Property, plant and equipment		452
Intangible assets		54,570
Goodwill		68,291
Other assets		776
Total assets acquired		134,709
Accounts payable		1,325
Deferred tax liabilities		12,400
Other liabilities		2,420
Total liabilities assumed		16,145
Total assets acquired, net of liabilities assumed		118,564
Less: cash acquired		3,881
Total purchase price, net of cash acquired	$	114,683

Fair Value of Intangible Assets

The fair value of intangible assets for SEM is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Developed technologies	$	9,110	15 years
Customer relationships		41,740	20 years
Trademarks and trade names		370	4 years
Backlog		3,350	1 year
Total	$	54,570