I D
× COMMENTARYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical Engineering MagazineChementator Briefs
‘Green’ steelmaking Seamlessly following the successful completion of the GrInHy…
BUSINESS NEWSTECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILEENVIRONMENTAL MANAGEREQUIPMENT & SERVICESFOCUS
Focus on Analyzers
A proportional level-output detector for pilot plants The Dynatrol CL-10GP…
NEW PRODUCTS + Show More

Comment

Ametek adds to Electronic Instruments business with two acquisitions

By Mary Page Bailey |

AMETEK, Inc. (Berwyn, Pa.; www.ametek.com) announced that it has completed two acquisitions: Telular Corp., a leading provider of communication solutions for logistics management, tank monitoring and security applications; and Forza Silicon Corp., a leader in the design and production of high-performance imaging sensors used in medical, defense, commercial and industrial applications. Combined, AMETEK deployed approximately $565 million on these acquisitions.

“We are very excited to welcome Telular and Forza to AMETEK, as they are both excellent companies with differentiated technology solutions serving attractive market segments,” comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. “2018 has proven to be a record year on the acquisition front and we remain pleased with our efforts in this area as our teams continue to manage a robust pipeline of additional opportunities.”

Both companies join AMETEK as part of its Electronic Instruments Group (EIG) – a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of $3.0 billion. 

Telular is a leading provider of communication solutions for logistics management, tank monitoring and security applications. Telular’s end-to-end solutions include purpose-built hardware, proprietary software and wireless connectivity services to enhance the efficiency and safety of critical assets.

“We are very excited about the acquisition of Telular. Their software-enabled IoT solutions drive attractive, recurring revenue along with long-term customer relationships,” noted Mr. Zapico. “The combination of Telular’s IoT capabilities and AMETEK’s highly differentiated measurement technology provides additional growth opportunities for our businesses.”

Telular was acquired for approximately $525 million and has annual sales of approximately $165 million. They are headquartered in Chicago, Illinois.

Forza Silicon is a leader in the design and production of high-performance imaging sensors used in medical, defense, commercial and industrial applications.

“Forza is a highly strategic technology acquisition for AMETEK,” added Mr. Zapico. “Customers rely on Forza’s leading-edge design capability to support their advanced sensor development projects. Forza also provides our Vision Research business with custom sensor design and production capability, allowing for accelerated development of next generation sensor technology for use across our market leading, high-speed cameras.”

Forza has annual sales of approximately $20 million and was acquired for approximately $40 million.   They are headquartered in Pasadena, California.

Related Content

Mettler Toledo

Protect Your Turbines from Silica with a Low Maintenance Analyzer

Silica in boiler feedwater can lead to unplanned shutdowns and extra maintenance. A major Spanish fertilizer producer has switched to a METTLER TOLEDO silica analyzer. Discover the benefits of this change.

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
3 Reasons to Automate Sensor Cleaning
Protect Your Turbines from Silica with a Low Maintenance Analyzer
Your Off-line pH Measurements Might Be Misleading and Costing You a Lot of Money
Reduce Explosion Risk in 2 Seconds with In Situ Oxygen Analysis
Tunable Diode Laser Spectroscopy in Critical Applications

View More

Live chat by BoldChat