BERWYN, Pa., July 31, 2018 /PRNewswire/ -- AMETEK, Inc. (NYSE:
AME) today announced that it has completed the acquisition of Motec
GmbH, a leading provider of integrated vision systems serving the
high growth mobile machine vision market. Motec's ruggedized vision
products and integrated software solutions provide customers with
improved operational efficiency and enhanced safety across a
variety of critical mobile machine applications in transportation,
agriculture, logistics and construction.
"Motec is an excellent acquisition. It has market leading
positions across a number of high growth market applications and
its vision systems nicely complement our existing instrumentation
businesses by expanding our portfolio of solutions to our
customers," comments David A.
Zapico, AMETEK Chairman and Chief Executive Officer.
Motec was a privately held company and is headquartered in
Hadamar-Steinbach, Germany. The
company has annual sales of approximately €30 million and 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 $4.8 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.