BERWYN, Pa., Aug. 4, 2016 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced that it has completed two acquisitions:
Nu Instruments, a leading provider of high-performance mass
spectrometers used for elemental and isotopic analysis, and HS
Foils, a provider of radiation detector components, including
ultrathin radiation windows, silicon drift detectors and x-ray
filters.
"Nu Instruments and HS Foils are both excellent, highly
strategic acquisitions for the Materials Analysis Division within
our Electronic Instruments Group. They provide unique technical
capabilities and allow us to strengthen and expand our high-end
analytical instrumentation portfolio," comments David A. Zapico, AMETEK Chief Executive
Officer.
Nu Instruments
Nu Instruments offers a full suite of
magnetic sector mass spectrometers used in advanced laboratory
analysis across demanding research applications in earth and
environmental sciences, material characterization, and nuclear
isotope analysis. Nu's customers include leading universities,
research institutions, and technical manufacturing and materials
analysis companies.
"Nu Instruments further broadens our product offering and
technical capabilities in high-end analytical instrumentation,"
adds Mr. Zapico. "Its products and markets are highly
complementary with our CAMECA advanced elemental analysis business
and it provides us with opportunities for accelerating product
innovation and market expansion worldwide."
Headquartered in Wrexham, UK, Nu Instruments is a privately held
company with annual sales of approximately $25 million. It joins AMETEK as part of the
Materials Analysis Division within AMETEK's Electronic Instruments
Group (EIG).
HS Foils
HS Foils is the developer of patented silicon
nitride window technology that significantly expands the limits of
X-ray window performance and areas of application. It also has
extensive expertise in silicon PIN and silicon drift detector
manufacturing.
"With HS Foils, we acquire an exciting silicon nitride window
technology that is highly complementary to our Materials Analysis
businesses, including Amptek, EDAX, CAMECA and SPECTRO," says Mr.
Zapico. "The addition of HS Foils will enable world-class
instrument performance across our businesses."
HS Foils is privately held and based in Helsinki, Finland. It joins AMETEK as part of
Amptek within the Materials Analysis Division within AMETEK's
Electronic Instruments Group (EIG).
AMETEK EIG is a leader in advanced analytical, monitoring,
testing, calibrating and display instruments with annual sales of
$2.4 billion.
Corporate Profile
AMETEK is a leading global
manufacturer of electronic instruments and electro-mechanical
devices with annual sales of $4.0 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 AMETEK's 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 Coleman +1
610-889-5247
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SOURCE AMETEK, Inc.