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Ametek

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AMETEK, Inc.
Company typePublic
NYSE: AME
S&P 500 Component
ISINUS0311001004 Edit this on Wikidata
IndustryConglomerate
Founded1930; 94 years ago (1930) (as American Machine and Metals)
HeadquartersBerwyn, Pennsylvania, U.S.
Area served
Worldwide
Key people
David A. Zapico
(Chairman and CEO)
William J. Burke
(CFO)
ProductsElectronic instruments
Electromechanical devices
RevenueIncrease US$ 6.15 billion (2022)
Increase US$ 1.31 billion (2021)
Increase US$ 990 million (2021)
Total assetsIncrease US$ 11.68 billion (2021)
Total equityIncrease US$ 6.87 billion (2021)
Number of employees
20,000[1] (2022)
Websitewww.ametek.com
Footnotes / references
[2]

AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 220 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 its evolution from a provider of heavy machinery to a manufacturer of analytical instruments, precision components and specialty materials.[4]

AMETEK has been ranked as high as 402 on the Fortune 500. The firm has also consistently been on the Fortune 1000 rankings list as well as the Fortune Global 2000.

The overall strategy for the organization is made up of 4 components: Operational Excellence (cost control), New Product Development, International/Market Expansion, and Acquisitions.

The firm has two operating groups (the Electronic Instruments Group and the Electromechanical Group).[5] Together, these groups and their divisions comprise over 100 brands, including analytical instruments, monitoring, testing and calibration devices as well as electrical motors, pumps and interconnects.[6] The company's headquarters is in Berwyn, Pennsylvania.

AMETEK is listed on the New York Stock Exchange. Its common stock is a component of the S&P 500 index and the Russell 1000 index.

Acquisition history

History prior to 1999 is incomplete.

Acquisition Date Company Name Business
Jan 12, 1998 Rotron Inc.[7] Aerospace motors, fans and blowers
May 3, 1999 Gulton-Statham[8] High-accuracy electronic pressure transmitters and transducers
Aug 2, 1999 Patriot Sensors & Controls Corp.[9] Position sensors, aviation sensors and tank-level gauges
Dec 3, 1999 Drexelbrook Engineering[10] Point and continuous level measurement
May 21, 2001 GS Electric[11] Universal and permanent magnet motors
Jul 9, 2001 Edax Inc.[12] Analytic instrumentation
Mar 5, 2003 Solidstate Controls Inc.[13] Uninterruptable power supply systems
Sep 8, 2003 Chandler Engineering and Grabner Instruments[14] Drilling, production enhancement, & fuels analysis instruments
Jun 21, 2004 Taylor Hobson Holdings Ltd[15] Ultra-precision measurement instrumentation
Jul 19, 2004 Hughes-Treitler Manufacturing Corp.[16] Heat exchangers and thermal management subsystems
Jun 14, 2005 Spectro Beteiligungs (Spectro Analytical Instruments GmbH & Co)[17] Atomic spectroscopy instrumentation
Jun 21, 2005 Xtreme Energy[18] Patented technology for brushless DC micro-motors
Sep 7, 2005 Quizix Inc.[19] Precision pumping systems
Sep 26, 2005 Solartron[20] Analytical instruments
Oct 10, 2005 HCC Industries[21] Highly engineered hermetic connectors
Feb 16, 2006 Pulsar Technologies Inc[22] Specialized communications equipment
May 15, 2006 PennEngineering Motion Technologies[23] Motion-technology
Jun 15, 2006 Land Instruments International[24] Infrared temperature measurement, combustion-efficiency and emissions-monitoring
Sep 28, 2006 General Ceramics[25] Hermetic microelectronic packages
Nov 6, 2006 Precitech[26] Ultra-precision machining systems
Jun 5, 2007 Advanced Industries Inc.[27] Starter generators
Jun 5, 2007 B&S Aircraft Parts & Accessories[28] Jet overhaul services
Jun 20, 2007 Hamilton Precision Metals Inc.[29] Precision metal strip
Aug 13, 2007 Cameca SAS[30] Electron probe microanalysis instrumentation and Low-energy X-ray emission spectroscopy
Dec 14, 2007 California Instruments[31] Programmable power
Feb 11, 2008 Newage Testing[32] Testing equipment
Feb 21, 2008 Drake Air[33] Heat-transfer repair services
Feb 26, 2008 Motion Control Group[34] Customized motors and motion control products
Apr 14, 2008 Reading Alloys[35] Niche specialty metals
Jun 12, 2008 Vision Research[36] High-speed digital imaging systems
Aug 25, 2008 Xantrex Technology Inc.[37] Programmable power
Nov 3, 2008 Muirhead Aerospace[38] Aerospace and defense
Jan 20, 2009 High Standard Aviation[39] Electrical/electromechanical, hydraulic and pneumatic repair services
Sep 28, 2009 Unispec Marketing Pvt. Ltd. Affiliated businesses
Sep 28, 2009 Thelsha Technical Services Pvt. Ltd[40] Affiliated businesses
Jan 26, 2010 Sterling Ultra Precision[41] Machine tools for the ophthalmic lens
April 8, 2010 Imago Scientific Instruments[42] 3D atom probes
June 1, 2010 Technical Services for Electronics[43] Engineered interconnect solutions
July 1, 2010 Haydon Enterprises[44] High-precision motion control products
Aug 19, 2010 American Reliance's Power Division[45] Direct current power supplies and electronic loads
Nov 9, 2010 Atlas Material Testing Technology[46] Weathering test instruments
April 28, 2011 Avicenna Technology, Inc[47] Medical device industry
May 9, 2011 Coining Holding Company[48] Metal preforms, microstampings and bonding wire solutions
Oct 17, 2011 Reichert Technologies[49] Eye care
Oct 25, 2011 EM Test GmbH[50] Electronic test and measurement equipment
Jan 3, 2012 Technical Manufacturing Corporation[51] Vibration isolation systems and optical test benches
Jan 26, 2012 O'Brien Corporation[52] Fluid and gas handling solutions
May 21, 2012 Dunkermotoren GmbH[53] Advanced motion control solutions
Oct 23, 2012 Micro-Poise Measurement Systems[54] Integrated test and measurement solutions for the tire industry
Dec 17, 2012 Aero Components International[55] Aviation repair operations
Dec 17, 2012 Avtech Avionics and Instruments Aviation repair operations
Jan 2, 2013 Sunpower, Inc[56] Stirling cycle cryocoolers and externally heated stirling engine technology
Jan 2, 2013 Crystal Engineering[57] Pressure calibrators and digital test gauges
Aug 7, 2013 Controls Southeast, Inc.[58] Custom-engineered thermal solutions
Oct 29, 2013 Creaform (3D)[59] Portable 3D measurement technologies
Dec 4, 2013 Powervar[60] Power management systems and uninterruptible power supply (UPS) systems
Jan 3, 2014 Teseq Group[61] Test and measurement instrumentation for electromagnetic compatibility (EMC) testing
Feb 10, 2014 VTI Instruments[62] High precision test and measurement instrumentation
June 20, 2014 Zygo Corporation[63] Non-contact optical metrology
Aug. 5, 2014 AMPTEK, Inc.[64] X-ray detectors using x-ray fluorescence (XRF)
Aug. 5, 2014 Luphos GmbH[65] Non-contact metrology technology
May 8, 2015 Global Tubes[66] Small-diameter precision tubing
July 7, 2015 Surface Inspection Systems Division, Cognex Corp.[67] Vision systems for surface flaw and defect detection
Nov 1, 2016 Laserage Technology Corporation[68] Laser fabrication for medical device market
Aug 4, 2016 Nu Instruments High-end elemental analysis
Aug 4, 2016 HS Foils[69] Materials analysis
Feb 5, 2016 Brookfield Engineering[70] Laboratory viscosity and rheology instruments
Feb 5, 2016 ESP/SurgeX[71] Power protection
Feb 7, 2017 Rauland-Borg Corporation[72] Healthcare communications solutions
April 17, 2017 MOCON, Inc.[73] Laboratory and field gas analysis instrumentation
December 19, 2017 Arizona Instrument[74] Laboratory moisture analysis and field toxic gas analyzers
January 19, 2018 FMH Aerospace[75] Aerospace components
April 9, 2018 SoundCom Systems[76] Communication solutions integration
November 1, 2018 Forza Silicon[77] Imaging Sensors
November 1, 2018 Telular[78] Communication Solutions
November 27, 2018 Spectro Scientific[79] Fluid Analysis Instrumentation
September 4, 2019 Pacific Design Technologies[80] Thermal Management Solutions
September 27, 2019 Gatan[81] Electron microscope instrumentation and software
February 5, 2020 IntelliPower[82] Uninterruptible power systems
March 29, 2021 Magnetrol International[83] Flow measurement
March 29, 2021 Crank Software[84] Digitally enabled devices
March 29, 2021 EGS Automation (EGS)[85] Automation
April 29, 2021 Abaco[86] Embedded computing
May 4, 2021 NSI-MI[87] Radio Frequency and Microwave test and measurement solutions
December 1, 2021 Alphasense[88] Gas and particulate sensors
November 1, 2022 Navitar[89] Advanced Optical Components
November 1, 2022 RTDS Technologies[90] Power Simulation Systems
May 2, 2023 Bison Gear & Engineering Motion Control Solutions
September 6, 2023 United Electronic Industries[91] Data Acquisition and Control Solutions

Divisions

Abaco

Rugged embedded electronics used in various industries.

Aerospace & Defense

Engine and avionics. Other aviation products and components.

Creaform

Creaform manufactures metrology and 3D engineering devices for use in shop-floor environments[92] It is based in Lévis, Quebec, Canada. The company was founded in 2002 by Martin Lamontagne and two co-workers at Modelex.[93] It began with a $200,000 loan from the Business Development Bank of Canada.[93] In 2009, the company sold its 1000th laser scanner,[94] priced from $50 –100,000.[95] Creaform was acquired by Ametek in 2013 for $120 million in cash.[96] At the time, Creaform had annual sales of $52 million.[96] In 2017, Creaform opened a new, $20 million, headquarters in Levis.[97] The 76,000 square foot headquarters is double the size of the old one, allowing Creaform to triple its production.

Heavy Vehicle and OEM

Motors, blowers, pumps, and other parts for heavy trucks and vehicles.

Materials Analysis and Imaging

Includes imaging products used in TV and movie production and tools such as Ion Mass spectrometers, electron Probe Microanalysis, Low-energy electron induced X-ray emission spectrometry, and atom Probe tomography.

Rauland

Healthcare (hospitals) and Education (schools) communication systems.

Oil & Gas / Power

Products for use in refineries and labs. Includes process analyzers, fuel analyzers, sample conditioning and heated and jacketed tubing.

References

  1. ^ "Ametek". Fortune. Archived from the original on 2019-01-21. Retrieved 2019-01-21.
  2. ^ "Annual Report". AMETEK, Inc.[permanent dead link‍]
  3. ^ "Overview". Archived from the original on 2013-01-26. Retrieved 2013-01-29.
  4. ^ "History of AMETEK, Inc. – FundingUniverse".
  5. ^ "Profile: Ametek Inc (AME)". Reuters.
  6. ^ "Our Products". Archived from the original on 2013-02-01. Retrieved 2013-01-29.
  7. ^ Jones, Dow (1997-12-30). "COMPANY NEWS; AMETEK AGREES TO ACQUIRE ROTRON BUSINESS FROM EG&G". The New York Times. ISSN 0362-4331. Retrieved 2023-03-19.
  8. ^ PROHASKA, FRED O. WILLIAMS AND THOMAS J. "MARK IV SELLS GULTON DIVISION TO AMETEK INC. FOR $23 MILLION". Buffalo News. Retrieved 2023-03-19.
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  10. ^ "Ametek Bolsters Level Measurement With Drexelbrook Acquisition". www.chemicalonline.com. Retrieved 2023-03-19.
  11. ^ "Ametek acquires GS Electric". www.bizjournals.com. 2001-05-21. Retrieved 2023-03-19.
  12. ^ Perry, Jessica (2005-08-09). "Pennsylvania's AMETEK Buys EDAX for 37 Million". NJBIZ. Retrieved 2023-03-19.
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  17. ^ "AMETEK Acquires SPECTRO Analytical Instruments". www.laboratorynetwork.com. Retrieved 2023-03-19.
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  19. ^ Publisher, Pump Engineer (2005-09-11). "Ametek acquires Quizix". Pump Engineer. Retrieved 2023-03-19.
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  45. ^ Inc, AMETEK. "AMETEK Acquires American Reliance's Power Division". www.prnewswire.com. Retrieved 2023-03-19. {{cite web}}: |last= has generic name (help)
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  54. ^ "Ametek Acquires Micro-Poise for $170M". 2012-10-23.
  55. ^ "Ametek buys Aero Components, Avtech Avionics". www.bizjournals.com. 2012-12-17. Retrieved 2023-03-19.
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  81. ^ DiStefano, Joseph N. "Ametek to pay $925 million for microscope maker, its biggest buy under new CEO". www.inquirer.com. Retrieved 2023-03-19.
  82. ^ "AMETEK Acquires IntelliPower". www.prnewswire.com. Retrieved 2023-03-19.
  83. ^ "AMETEK acquires Magnetrol International Incorporated". www.waterworld.com. 2021-04-07. Retrieved 2023-03-19.
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  89. ^ "Ametek buys optical solutions provider Navitar | Electro Optics". www.electrooptics.com. Retrieved 2023-03-19.
  90. ^ "AMETEK Acquires Navitar, RTDS Technologies". www.photonics.com. Retrieved 2023-03-19.
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  93. ^ a b King, Mike (2006-10-18). "Creaform Founder Wins Award". The Montreal Gazette.
  94. ^ "Creaform sells 1,000th laser scanner". Design Engineering. May 26, 2014.
  95. ^ Cherdo, Ludivine. "Handheld 3D scanners 2019: top 10 selection and buying guide". Aniwaa. Retrieved 25 July 2019.
  96. ^ a b Lamontagne, Kathryne. "Creaform achetée par Ametek pour 120 M$". Le Journal de Montréal (in Canadian French). Retrieved 2018-01-14.
  97. ^ Couture, Pierre. "Un nouveau siège social de 20 M$ pour Creaform à Lévis". Le Journal de Québec (in Canadian French). Retrieved 2018-01-14.
  • Business data for Ametek:
An AMETEK USG Pressure Gauge Device, made by AMETEK's gauge division
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