BERWYN, Pa. and SARASOTA, Fla., Oct.
31, 2019 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today
announced that it has completed its acquisition of Gatan, a leading
manufacturer of instrumentation and software used to enhance and
extend the operation and performance of electron microscopes.
AMETEK acquired Gatan from Roper Technologies, Inc. (NYSE: ROP) in
an all-cash transaction valued at $925
million.
"We are excited to welcome the Gatan team to AMETEK,"
said David A. Zapico, AMETEK Chairman and Chief Executive
Officer. "Gatan's differentiated technology and premier brand
nicely complement AMETEK's existing high-end analytical
instrumentation solutions."
With annual sales of approximately $180
million, Gatan joins AMETEK as part of its Electronic
Instruments Group (EIG) - a leader in advanced analytical,
monitoring, testing, calibrating and display instrumentation.
About AMETEK
AMETEK is a leading global manufacturer
of electronic instruments and electromechanical devices with annual
sales of approximately $5.0 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.
About Roper Technologies
Roper Technologies is a
constituent of the S&P 500, Fortune 1000, and the Russell 1000
indices. Roper operates businesses that design and develop software
(both license and software-as-a-service) and engineered products
and solutions for a variety of niche end markets. Additional
information about Roper is available on the Company's website at
www.ropertech.com.
Contact:
AMETEK, Inc.
Kevin Coleman, Vice President,
Investor Relations
kevin.coleman@ametek.com
Phone: 610.889.5247
Roper Technologies, Inc.
Investor Relations
Investor-relations@ropertech.com
Phone: 941.556.2601
View original
content:http://www.prnewswire.com/news-releases/ametek-completes-acquisition-of-gatan-300948544.html
SOURCE AMETEK, Inc.