BERWYN,
Pa., May 2, 2018 /PRNewswire/ -- AMETEK, Inc. (NYSE:
AME) today announced that it has completed the acquisition of
SoundCom Systems, a leader in the design, integration,
installation, and support of clinical workflow and communication
systems for healthcare facilities, educational institutions and
corporations.
SoundCom also serves as a value-added reseller for AMETEK
Rauland's mission-critical healthcare communication workflow
solutions in Ohio and Michigan. SoundCom joins existing Rauland
owned value-added resellers in Florida and California.
"SoundCom is an excellent acquisition for AMETEK given its
40-year history as a valued business partner to Rauland," comments
David A. Zapico, AMETEK Chairman and
Chief Executive Officer. "The acquisition expands Rauland's
presence in the attractive healthcare and education markets in the
Midwest while providing our customers with expanded value-added
solutions and services."
SoundCom was a privately held company and is headquartered in
Cleveland, Ohio. SoundCom has
annual sales of approximately $40
million. It joins AMETEK as part of its Electronic
Instruments Group (EIG) - a leader in advanced analytical,
monitoring, testing, calibrating and display instruments with
annualized sales of $2.9 billion.
Corporate Profile
AMETEK is a leading global
manufacturer of electronic instruments and electromechanical
devices with annualized sales of more than $4.7 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.
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.