ACQUISITIONS (Tables)

12 Months Ended

Sep. 30, 2016

The fair value of the total consideration has been allocated based on the estimated fair values of assets acquired and liabilities assumed as follows (in thousands):

	(in thousands of dollars)
					January 29, 2016

Consideration

Cash				$	10,832

Common stock (500,000 shares of Sevcon, Inc.)					4,760

Fair value of pre-acquisition dividends payable to Bassi Holding					3,503

Fair value of total consideration				$	19,095

Recognized amounts of identifiable assets acquired and liabilities assumed:

Cash	$	1,577
Accounts receivable		3,318
Inventory		4,318
Property and equipment		923
Other assets		932
Accounts payable		(3,513	)
Accrued and other current liabilities		(2,020	)
Deferred tax liabilities		(1,882	)
Other long-term liabilities		(1,099	)	$	2,554

Estimated fair value of identifiable intangible assets acquired:

Developed technologies		325
Customer relationships		8,774
Trade name		758
Order backlog		325			10,182

Fair value of assets acquired and liabilities assumed, excluding goodwill					12,736

Goodwill					6,359

Total				$	19,095

Components of intangible assets acquired, net of deferred tax

The following table sets forth the components of intangible assets acquired in connection with the Bassi acquisition (dollars in thousands):

	Amount Assigned		Amortization Period (in years)
Definite-lived intangible assets:
Developed technologies	$	325		7.0
Customer relationships		8,774		10.0
Trade name		758		10.0
Order backlog		325		1.0
Total intangible assets acquired	$	10,182

Pro forma financial information

The unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place on October 1, 2014.

	(in thousands of dollars)
	Twelve months ended September 30, 2016			Twelve months ended September 30, 2015
Revenue	$	55,470		$	56,559
Net income (loss)	$	(4,125	)	$	366