BERWYN, Pa., May 4, 2021 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced that it has acquired NSI-MI
Technologies, a leading provider of radio frequency and microwave
test and measurement solutions and services. NSI-MI was acquired
for $230 million and has annual sales
of approximately $90 million.
NSI-MI's expertise in advanced radio frequency and microwave
technologies allows them to provide complete test and measurement
systems for niche applications across the aerospace, defense,
automotive, wireless communications, and research markets. The
company has a diverse portfolio of testing instrumentation,
components and software, while also providing customers with
turnkey anechoic and simulation chambers, and a broad set of
aftermarket services.
"We are pleased to welcome NSI-MI to AMETEK," comments
David A. Zapico, AMETEK Chairman and
Chief Executive Officer. "NSI-MI is an outstanding acquisition and
nicely complements our existing Electromagnetic Compatibility test
and measurement businesses. NSI-MI's test and measurement solutions
are uniquely positioned to support the continued development of
advanced RF and microwave technologies for critical applications in
wireless communications, satellite systems, autonomous vehicles,
and defense systems."
NSI-MI is headquartered in Suwanee,
Georgia with additional operations in Torrance, California and Sheffield, U.K. NSI-MI joins AMETEK as part of
its Electronic Instruments Group (EIG) - a leader in advanced
analytical, monitoring, testing, calibrating and display
instrumentation.
Corporate Profile
AMETEK is a leading global
manufacturer of electronic instruments and electromechanical
devices with annual sales in 2020 of more than $4.5 billion. The AMETEK Growth Model integrates
the Four Growth Strategies - Operational Excellence, New Product
Development, Global and Market Expansion, and Strategic
Acquisitions - with a disciplined focus on cash generation and
capital deployment. AMETEK's objective is double-digit percentage
growth in earnings per share over the business cycle and a superior
return on total capital. The common stock of AMETEK is a component
of the S&P 500.
Contact:
AMETEK, Inc.
Kevin Coleman
Vice President, Investor Relations
1100 Cassatt Road
Berwyn, Pennsylvania 19312
kevin.coleman@ametek.com
Phone: 610.889.5247
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SOURCE AMETEK, Inc.