Check Technology, a Troy, Michigan-based manufacturer of heating and control systems founded in 1993, has recently been acquired by Innovative Motion Technologies (IMT). The financial terms of the acquisition were not disclosed. IMT is an industrial technology platform that specializes in interface and control solutions.
The acquisition of Check Technology aligns with Cathay Capital’s strategy of focusing on growing end markets and leveraging resources for growth. Mark Woods, a partner at Cathay Capital, expressed excitement about the move, stating that the enhanced capabilities and extended market reach of Check Technology under the IMT umbrella present significant growth opportunities.
IMT’s acquisition of Check Technology aims to capitalize on attractive markets and utilize management and operating resources to drive growth for the Troy-based company. As part of the IMT family, Check Technology will benefit from IMT’s expertise in interface and control solutions, as well as its extensive network of customers and partners.
