Company News

HTI's acquisition of ACE occurred on September 30, 2015

HTI Technology, Inc. is pleased to announce that it has acquired American Control Electronics, LLC. This acquisition will combine HTI Technology's expertise in AC and DC motor technology and powered mechanism capabilities with American Control Electronics' technology and market leadership in DC and AC electronic motor drives and controls, including both Minarik Drives and American Control Electronics brands.

The companies' complementary technology capabilities will enable motors and drives to be combined into application-engineered powered motion solution packages, giving our customers better performing and better value solutions for their power applications.

"HTI remains focused on understanding our global customers' needs and offering complete application engineered solutions to meet those needs," said John Paul, CEO of HTI Technology. "We are very excited to join HTI's mechanism and motor capabilities with American Control Electronics' extensive motor drives and electronic controls offerings. Both of these businesses have very strong technology, deep knowledge of our customers' applications, and dedicated and knowledgeable teams. Together, we will be even better positioned to combine these strengths into innovative packages that solve our customers' needs. We look forward to working with our distribution partners and current and future OEM customers to bring leading powered motion solutions to the market, and to grow our combined business together."

"This is a very exciting opportunity for our people and our company," said John Hegel, CEO of American Control Electronics. "HTI's global reach will allow our products access to many new markets across the world. Their infusion of capital will also create opportunities for technology expansion. Our people are ready to support those opportunities and are excited to continue our growth trajectory."

American Control Electronics will continue to operate from their base in South Beloit, IL. Dan Schnabel, President of ACE, will report to John Paul, CEO of HTI. John Hegel, ACE's CEO, will become a board member and shareholder of HTI and will help to formulate and guide our strategy as a combined entity.

HTI Technology, headquartered in Nashville, TN, is a global company that produces AC and DC motors, gear motors, and motorized assemblies for appliance, industrial, water purification, entry access, agriculture, recreation and other end markets. With operations in the US and Asia, HTI serves a global customer base with motors and mechanisms that are custom designed to meet their customers' demanding applications, and manufactured with strict quality control systems.

American Control Electronics (ACE) is an electronics manufacturer located in South Beloit, IL and parent company for the Minarik Drives brand. American Control Electronics designs and produces a wide variety of AC & DC electronic control systems and power products used in industrial, commercial, electric vehicle, medical, and home automation markets. American Control Electronics has also developed several "Green" products that control motors from battery and/or photovoltaic power. The Minarik Drives brand has a 60-year reputation and is the standard for products in its class. American Control Electronics designs unique product solutions to meet the specific needs of its customers.

For more information, please contact John Paul at 615-793-0495 or johnpaul@htitechnology.com