BERWYN, Pa., Aug. 5, 2014 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced that it has completed two
acquisitions:
- AMPTEK, Inc., a privately held provider of x-ray detectors used
to identify the composition of materials using x-ray fluorescence
(XRF) within the metal, environmental monitoring, petrochemical,
semiconductor and research markets
- Luphos GmbH, a highly strategic technology acquisition which
provides key non-contact metrology technology used in the
measurement of complex aspherical lenses and optical surfaces
"Both AMPTEK and Luphos are excellent acquisitions and highly
strategic additions to our Electronic Instruments Group.
These businesses will allow us to expand our presence in materials
analysis and dimensional metrology, two attractive growth
platforms. These acquisitions also continue our very strong
deployment of capital on acquisitions," comments Frank S. Hermance, AMETEK Chairman and Chief
Executive Officer.
Amptek
Headquartered in Bedford, MA, Amptek provides instrumentation
and detectors used in non-destructive materials analysis
applications. The privately held manufacturer has annual
sales of approximately $30
million.
Amptek is a leader in x-ray detectors used in portable and
laboratory instrumentation utilizing x-ray fluorescence (XRF),
electronics for nuclear and spaceflight instruments, and gamma-ray
detectors for Homeland Security and nuclear emissions
monitoring.
"Amptek is an excellent addition to our materials analysis
businesses. Its products and technology nicely complement our
existing materials analysis capabilities. They also expand
our presence into a number of attractive market segments including
bench top and life sciences applications," comments Frank S. Hermance, AMETEK Chairman and Chief
Executive Officer.
"Amptek provides us with attractive sensor and detector
technology as well as strong R&D development capabilities which
will help to accelerate future technology developments for our
served markets," adds Mr. Hermance.
Amptek joins AMETEK as unit of its Materials Analysis Division
within AMETEK's Electronic Instruments Group (EIG) -- a recognized
leader in advanced monitoring, testing, calibrating, and display
instruments with 2013 sales of $2.0
billion.
Luphos
Luphos GmbH has leading technology utilizing
multi-wavelength laser interferometry (MWLI). Their
non-contact metrology technology provides highly accurate,
nanometer level measurements of complex lenses and optical
surfaces.
"The acquisition of Luphos provides us with exciting technology
which is highly complementary to our Taylor
Hobson and Zygo dimensional metrology businesses. This
technology expands our metrology capabilities across a wider range
of measurement applications and profiles thereby providing our
customers a broader product and technology portfolio to serve their
measurement needs," comments Frank S.
Hermance, AMETEK Chairman and Chief Executive
Officer.
Luphos joins AMETEK as a unit of its Ultra Precision Technology
Division within AMETEK's Electronic Instruments Group (EIG).
Corporate Profile
AMETEK is a leading global
manufacturer of electronic instruments and electro-mechanical
devices with 2013 sales of $3.6
billion. AMETEK's Corporate Growth Plan is based on Four Key
Strategies: Operational Excellence, Strategic Acquisitions, Global
& Market Expansion and New Products. 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 Index.
Forward-looking Information
Statements in this news
release relating to future events, such as AMETEK's expected
business and financial performance are "forward-looking
statements." Forward-looking statements are subject to
various factors and uncertainties that may cause actual results to
differ significantly from expectations. These factors and
uncertainties include AMETEK's ability to consummate and
successfully integrate future acquisitions; risks associated with
international sales and operations; AMETEK's ability to
successfully develop new products, open new facilities or transfer
product lines; the price and availability of raw materials;
compliance with government regulations, including environmental
regulations; changes in the competitive environment or the effects
of competition in our markets; the ability to maintain adequate
liquidity and financing sources; and general economic conditions
affecting the industries we serve. A detailed discussion of
these and other factors that may affect our future results is
contained in AMETEK's filings with the U.S. Securities and Exchange
Commission, including its most recent reports on Form 10-K, 10-Q
and 8-K. AMETEK disclaims any intention or obligation to
update or revise any forward-looking statements.
Contact: Kevin C. Coleman (610)
889-5247
SOURCE AMETEK, Inc.