Acquisition of Ostergrens

6 Months Ended

Jun. 30, 2011

Acquisition of Ostergrens

Acquisition of Ostergrens

12.Acquisition of Ostergrens

On December 30, 2010, Allied Motion Technologies, B.V., a wholly-owned subsidiary of Allied Motion Technologies Inc., acquired 100% of the shares of Ostergrens Elmotor AB (Ostergrens), headquartered in Solna, Sweden.   The accompanying condensed consolidated financial statements include the operating results of Östergrens for the quarter and six months ended June 30, 2011.

The following presents the Company’s unaudited pro forma financial information for the quarter and six months ended June 30, 2010 after certain pro forma adjustments giving effect to the acquisition of Ostergrens as if it had occurred at January 1, 2010.   The pro forma financial information is for information purposes only and does not purport to present what the Company’s results would actually have been had the acquisition occurred on that date or to project the Company’s results for operations for any future period:

	For the three months ended June 30, 2010		For the six months ended June 30, 2010
Revenues	$	23,833	$	45,836
Gross margin	$	6,657	$	12,527
Operating income	$	1,013	$	2,180
Net income	$	633	$	1,508
Diluted net income per share	$	0.08	$	0.19