To enhance computing systems, AMETEK, Inc. announced to acquire Alabama based Abaco Systems, Inc. for approximately USD 1.35 billion. Abaco Systems is a leader in open-architecture computing and electronic systems for aerospace, defense, and specialized industrial markets.
- Abaco Systems ruggedized products are designed to withstand harsh operating environments such as extreme temperature and high vibration.
- Upon closing, Abaco Systems will join AMETEK as part of its Electronic Instruments Group (EIG) – a leader in advanced analytical, monitoring, testing, calibrating and display instruments.
The prominent acquisitions and expansions by AMETEK are mentioned below:
March 2020: AMETEK announced that it had 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.
February 2020: AMETEK, had 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. Gatans 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 AMETEKs 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 companys businesses serve a diverse range of attractive industries with a portfolio of market-leading products and brands.