Ametek

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AMETEK, Inc.
Type Public
Traded as NYSEAME
Industry Manufacturer
Founded 1930
Headquarters Berwyn, Pennsylvania,
United States
Area served Worldwide
Key people

Frank S. Hermance
(Chairman) & (CEO)

David A. Zapico
Products Electronic instruments
Electromechanical devices
Revenue
  • Increase US$ 3,594.136 million (2013) [1]
  • Increase US$ 3,334.213 million (2012) [1]
Operating income
  • Increase US$ 815.079 million (2013) [1]
  • Increase US$ 745.872 million (2012) [1]
Net income
  • Increase US$ 516.999 million (2013) [1]
  • Increase US$ 459.132 million (2012) [1]
Total assets
  • Increase US$ 5,877.902 million (2013) [2]
  • Increase US$ 5,190.056 million (2012) [1]
Total equity
  • Increase US$ 3,136.121 million (2013) [2]
  • Increase US$ 2,535.151 million (2012) [1]
Employees 12000+ (2012)
Website ametek.com

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 80 manufacturing sites worldwide.[3]

The company was founded in 1930. The company's original name, American Machine and Metals, was changed to AMETEK in the early 1960s, reflecting AME's evolution from a provider of heavy machinery to a manufacturer of analytical instruments, precision components and specialty materials.[4]

Ametek today consists of two major groups (the Electronic Instruments Group and the Electromechanical Group).[5] Together, these two groups and their respective divisions combine a total of over 100 brands, including analytical instruments, monitoring, testing and calibration devices as well as electrical motors, pumps and interconnects.[6] The company's headquarters are in Berwyn, Pennsylvania.

AMETEK is listed on the New York Stock Exchange. The common stock of AMETEK is a component of the S&P 400 index and the Russell 1000 Growth Index.

AMETEK's Corporate Growth Plan is founded on four key strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion, and New Products.

During the 1980s, one AMETEK group partnered with the California Institute of Technology to assemble hypercube topology computers. It is not known how many systems were delivered, but the market came to be dominated by Intel, NCUBE, and Floating Point Systems.

Acquisitions in 2006

AMETEK, Inc. acquired Southern Aeroparts, Inc. ("SAI"), a Tulsa, OK-based provider of third-party maintenance, repair and overhaul (MRO) services to the commercial aerospace industry On December 13, 2006.[7]

Acquisitions in 2009

On Jan 20, 2009 Ametek acquired High Standard Aviation, a Miami-based provider of electrical/electromechanical, hydraulic and pneumatic repair services to the aerospace industry.

On Sep 28, 2009 Ametek acquired the assets of Unispec Marketing Pvt. Ltd. and Thelsha Technical Services Pvt. Ltd., two privately owned and affiliated businesses headquartered in Mumbai, India.

On Dec 2, 2009 Ametek acquired the pressurized gas systems business of Ameron Global, Inc., a privately held company based in Baldwin Park, CA.

Acquisitions in 2010

On Jan 26, 2010 Ametek acquired the assets of Sterling Ultra Precision, a privately held reseller of machine tools for the ophthalmic lens market.

On April 8, 2010 Ametek acquired Imago Scientific Instruments, a privately held manufacturer of 3D atom probes, based in Madison, WI.

On June 1, 2010 Ametek acquired Technical Services for Electronics (TSE), a privately held manufacturer of engineered interconnect solutions for the medical device industry.

On July 1, 2010 Ametek acquired Haydon Enterprises, a leading manufacturer of high-precision motion control products, from the Harbour Group, a private, St. Louis-based operating company.

On Aug 19, 2010 Ametek acquired assets comprising substantially all of American Reliance's Power Division (AMREL Power), a provider of highly differentiated direct current (DC) power supplies and electronic loads for the automated test equipment market.

On Nov 9, 2010 Ametek acquired Atlas Material Testing Technology LLC, the world's leading provider of weathering test instruments and related testing and consulting services, from Industrial Growth Partners.

Acquisitions in 2011

On April 28, 2011 Ametek acquired Avicenna Technology, Inc., a privately held supplier of custom, fine-featured components used in the medical device industry. Avicenna Technology with its headquarters and manufacturing operations in Montevideo, MN.

On May 9, 2011 Ametek acquired Coining Holding Company, a leading supplier of custom-shaped metal preforms, microstampings and bonding wire solutions for interconnect applications in microelectronics packaging and assembly.

On Oct 17, 2011 Ametek acquired Reichert Technologies, a privately held manufacturer of analytical instruments and diagnostic devices for the eye care market headquartered in Depew, NY.

On Oct 25, 2011 Ametek acquired the parent company of EM Test (Switzerland) GmbH, a privately held manufacturer of electronic test and measurement equipment headquartered in Reinach, Switzerland.

Acquisitions in 2012

On Jan 3, 2012 Ametek acquired Technical Manufacturing Corporation (TMC), a world leader in high-performance vibration isolation systems and optical test benches used to isolate highly sensitive instruments for the microelectronics, life sciences, photonics and ultra-precision manufacturing industries.

On Jan 26, 2012 Ametek acquired O'Brien Corporation, a leading manufacturer of fluid and gas handling solutions, sample conditioning equipment and process analyzers from Industrial Growth Partners.

On May 21, 2012 Ametek completed the previously announced acquisition of the parent company of Dunkermotoren GmbH, a leader in advanced motion control solutions for a wide range of industrial automation applications.

On Oct 23, 2012 Ametek acquired Micro-Poise Measurement Systems, a leading provider of integrated test and measurement solutions for the tire industry, from American Industrial Partners.

On Dec 17, 2012 Ametek acquired Aero Components International (ACI) and Avtech Avionics and Instruments (Avtech), both privately owned, FAA-certified aviation repair operations located in Miami, FL.

Acquisitions in 2013

On Jan 2, 2013 Ametek completed two technology-related acquisitions:

  • Sunpower, Inc., a privately held leader in the development of stirling cycle cryocoolers and externally heated stirling engine technology for medical, scientific, telecommunication and space applications
  • Crystal Engineering, a privately held manufacturer of high-end, portable pressure calibrators and digital test gauges for the oil and gas, power generation and other industrial markets.

On Aug 7, 2013 Ametek acquired Controls Southeast, Inc. (CSI), a leading manufacturer of custom-engineered thermal solutions, from Industrial Growth Partners for approximately $160 million. CSI is based near Charlotte, NC.

On Oct 29, 2013 Ametek acquired Creaform (3D), a leading developer and manufacturer of innovative portable 3D measurement technologies and a provider of 3D engineering services for approximately $120 million. Based near Quebec City, Canada, the privately held company has annual sales of approximately $52 million.

On Dec 4, 2013 Ametek acquired Powervar, a leading provider of power management systems and uninterruptible power supply (UPS) systems, for approximately $128 million. Headquartered in Waukegan, IL, the privately held company has annual sales of approximately $70 million.

Acquisitions in 2014

On Jan 3, 2014 Ametek acquired Teseq Group, a leading manufacturer of test and measurement instrumentation for electromagnetic compatibility (EMC) testing, for CHF 83 million ($92 million). Headquartered in Luterbach, Switzerland, the privately held company has annual sales of approximately CHF 48 million ($53 million).

On Feb 10, 2014 Ametek acquired VTI Instruments, a leading manufacturer of high precision test and measurement instrumentation for $74 million. VTI, acquired from an investor group led by Merit Capital Partners and Alerion Capital Group, has annual sales of approximately $38 million.

Major Acquisitions[edit]

Acquisition date Company Business
Jan 12, 1998 Rotron Inc. Motors, fans and blowers for aerospace
May 3, 1999 Gulton-Statham High-accuracy electronic pressure transmitters and transducers
Aug 2, 1999 Patriot Sensors & Controls Corp. Position sensors, aviation sensors and tank-level gauges
Dec 3, 1999 Drexelbrook Engineering Point and continuous level measurement
May 21, 2001 GS Electric Universal and permanent magnet motors
Jul 9, 2001 Edax Inc. Analytic instrumentation
Mar 5, 2003 Solidstate Controls Inc. Uninterruptable power supply systems
Sep 8, 2003 Chandler Engineering and Grabner Instruments Instruments for drilling, production enhancement, test instruments for analyzing fuels
Jun 21, 2004 Taylor Hobson Holdings Ltd Ultra-precision measurement instrumentation
Jul 19, 2004 Hughes-Treitler Manufacturing Corp. Heat exchangers and thermal management subsystems
Jun 14, 2005 Spectro Beteiligungs (Spectro Analytical Instruments GmbH & Co) Atomic spectroscopic instrumentation
Jun 21, 2005 Xtreme Energy Patented technology for brushless DC micro-motors
Sep 7, 2005 Quizix Inc. Precision pumping systems
Sep 26, 2005 Solartron Analytical instruments
Oct 10, 2005 HCC Industries Highly engineered hermetic connectors
Feb 16, 2006 Pulsar Technologies Inc Specialized communications equipments
May 15, 2006 PennEngineering Motion Technologies Motion-technology
Jun 15, 2006 Land Instruments International Infrared temperature-measurement & Combustion-efficiency and emissions-monitoring
Sep 28, 2006 General Ceramics Hermetic microelectronic packages
Nov 6, 2006 Precitech Ultra-precision machining systems
Jun 5, 2007 Advanced Industries Inc. Starter generators
Jun 5, 2007 B&S Aircraft Parts & Accessories Jet overhaul services
Jun 20, 2007 Hamilton Precision Metals Inc. Precision metal strip
Aug 13, 2007 Cameca SAS Electron probe microanalysis instrumentation and Low-energy X-ray emission spectrometry
Dec 14, 2007 California Instruments Programmable power
Feb 11, 2008 Newage Testing Testing equipments
Feb 21, 2008 Drake Air Heat-transfer repair services
Feb 26, 2008 Motion Control Group Customized motors and motion control products
Apr 14, 2008 Reading Alloys Niche specialty metals
Jun 12, 2008 Vision Research High-speed digital imaging systems
Aug 25, 2008 Xantrex Technology Inc. Programmable power
Nov 3, 2008 Muirhead Aerospace Aerospace and defense
Jan 20, 2009 High Standard Aviation Electrical/electromechanical, hydraulic and pneumatic repair services
Sep 28, 2009 Unispec Marketing Pvt. Ltd. Affiliated businesses
Sep 28, 2009 Thelsha Technical Services Pvt. Ltd Affiliated businesses
Jan 26, 2010 Sterling Ultra Precision Machine tools for the ophthalmic lens
April 8, 2010 Imago Scientific Instruments 3D atom probes
June 1, 2010 Technical Services for Electronics Engineered interconnect solutions
July 1, 2010 Haydon Enterprises High-precision motion control products
Aug 19, 2010 American Reliance's Power Division Direct current power supplies and electronic loads
Nov 9, 2010 Atlas Material Testing Technology Weathering test instruments
April 28, 2011 Avicenna Technology, Inc Medical device industry
May 9, 2011 Coining Holding Company Metal preforms, microstampings and bonding wire solutions
Oct 17, 2011 Reichert Technologies Eye care
Oct 25, 2011 EM Test GmbH Electronic test and measurement equipment
Jan 3, 2012 Technical Manufacturing Corporation Vibration isolation systems and optical test benches
Jan 26, 2012 O'Brien Corporation Fluid and gas handling solutions
May 21, 2012 Dunkermotoren GmbH Advanced motion control solutions
Oct 23, 2012 Micro-Poise Measurement Systems Integrated test and measurement solutions for the tire industry
Dec 17, 2012 Aero Components International Aviation repair operations
Dec 17, 2012 Avtech Avionics and Instruments Aviation repair operations
Jan 2, 2013 Sunpower, Inc Stirling cycle cryocoolers and externally heated stirling engine technology
Jan 2, 2013 Crystal Engineering Pressure calibrators and digital test gauges
Aug 7, 2013 Controls Southeast, Inc. Custom-engineered Thermal Solutions
Oct 29, 2013 Creaform (3D) Leading Developer of Innovative Portable 3D Measurement Technologies
Dec 4, 2013 Powervar Power management systems and Uninterruptible Power Supply (UPS) systems
Jan 3, 2014 Teseq Group Test and measurement instrumentation for electromagnetic compatibility (EMC) testing
Feb 10, 2014 VTI Instruments High precision test and measurement instrumentation

References[edit]

External links[edit]

An AMETEK USG Pressure Gauge Device, made by AMETEK's gauge division
    • Business data for AMETEK Inc:
    • Reuters