Hybrid Dynamics Corp. said it has acquired Delaware American Motors Inc. in an all-stock transaction.

The acquisition was completed after Hybrid Dynamics, based in American Fork, issued 4.5 million shares of its stock, the company said in a news release Tuesday. The company develops recreational electric vehicles, as well as motor-control systems and drive-train technologies for use in electric and hybrid vehicles.

Delaware American Motors, based in Paterson, N.J., is a high-performance motorcycle manufacturer. "Their expertise in building high-end, performance bikes will help Hybrid Dynamics to solidify its position as a manufacturer of premium products," said Paul Ressler, president of Hybrid Dynamics.