The global electromechanical devices manufacturer AMETEK has announced that it has completed the sale of its Reading Alloys business to Kymera International, which is owned by affiliates of Palladium Equity Partners, LLC. Kymera International is a leading specialty materials company that manufactures powders, pastes and granules of primary and alloyed aluminum, copper, tin and zinc.
Reading Alloys was founded in 1953 in Robesonia, Pennsylvania. It designs, develops and produces master alloys, thermal barrier coatings and titanium powders. The business is a preferred supplier for producers of high-quality titanium and super alloy mill products that are used in aerospace and aircraft applications. Reading Alloys is a leading provider of highly engineered materials for mission-critical applications in the medical, aerospace, defense, and industrial markets. The company has signed a definitive agreement for the sale of its Reading Alloys business to Kymera International in December 2019.
The prominent acquisitions and expansions by AMETEK are mentioned below:
February 2020: AMETEK, has acquired California based IntelliPower, a leading provider of high-reliability, uninterruptible power systems for approximately $115 million. The deal helps IntelliPower to join AMETEK as part of its Electronic Instruments Group (EIG), a leader in advanced analytical, testing, monitoring, and display instrumentation.
November 2019: AMETEK opened a new Technology Solutions Centre in Elancourt City, France, through AMETEK France. The new Centre will support the growth of its electronic instrument and electromechanical product businesses in the country.
October 2019: AMETEK announced the acquisition of a leading instrumentation and software manufacturer Gatan from Roper Technologies for $925 million. Gatan’s product are used for enhancing and extending the operations and performance of electron microscopes.
September 2019: AMETEK acquired Pacific Design Technologies, Inc. (PDT), a leading provider of advanced, mission-critical thermal management solutions for approximately $125 million. The acquisition of PDT enhances the AMETEK’s position in the attractive aerospace and defense sectors. California based PDT manufactures a complete range of custom-engineered, liquid cooling systems and components used in a broad set of current and next-generation commercial aerospace, defense and space platforms.
AMETEK is a Pennsylvania based electronic instruments and electromechanical devices manufacturer. The company has more than 18,000 employees at around 150 operating locations, and a global network of sales, service, and support locations in around 30 countries around the world. The company’s businesses serve a diverse range of attractive industries with a portfolio of market-leading products and brands.