Ametek
Company type | Public |
---|---|
ISIN | US0311001004 |
Industry | Conglomerate |
Founded | 1930 | (as American Machine and Metals)
Headquarters | Berwyn, Pennsylvania, U.S. |
Area served | Worldwide |
Key people | David A. Zapico (Chairman and CEO) William J. Burke (CFO) |
Products | Electronic instruments Electromechanical devices |
Revenue | US$6.60 billion (2023) |
US$1.71 billion (2023) | |
US$1.31 billion (2023) | |
Total assets | US$11.68 billion (2021) |
Total equity | US$8.73 billion (2023) |
Number of employees | c. 21,500 (Dec. 2023) |
Website | www |
Footnotes / references [1][2][3] |
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.[4]
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.[5]
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).[6] 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.[7] 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
[edit]History prior to 1999 is incomplete.
Acquisition Date | Company Name | Business |
---|---|---|
Jan 12, 1998 | Rotron Inc.[8] | Aerospace motors, fans and blowers |
May 3, 1999 | Gulton-Statham[9] | High-accuracy electronic pressure transmitters and transducers |
Aug 2, 1999 | Patriot Sensors & Controls Corp.[10] | Position sensors, aviation sensors and tank-level gauges |
Dec 3, 1999 | Drexelbrook Engineering[11] | Point and continuous level measurement |
May 21, 2001 | GS Electric[12] | Universal and permanent magnet motors |
Jul 9, 2001 | Edax Inc.[13] | Analytic instrumentation |
Mar 5, 2003 | Solidstate Controls Inc.[14] | Uninterruptible power supply systems |
Sep 8, 2003 | Chandler Engineering and Grabner Instruments[15] | Drilling, production enhancement, & fuels analysis instruments |
Jun 21, 2004 | Taylor Hobson Holdings Ltd[16] | Ultra-precision measurement instrumentation |
Jul 19, 2004 | Hughes-Treitler Manufacturing Corp.[17] | Heat exchangers and thermal management subsystems |
Jun 14, 2005 | Spectro Beteiligungs (Spectro Analytical Instruments GmbH & Co)[18] | Atomic spectroscopy instrumentation |
Jun 21, 2005 | Xtreme Energy[19] | Patented technology for brushless DC micro-motors |
Sep 7, 2005 | Quizix Inc.[20] | Precision pumping systems |
Sep 26, 2005 | Solartron[21] | Analytical instruments |
Oct 10, 2005 | HCC Industries[22] | Highly engineered hermetic connectors |
Feb 16, 2006 | Pulsar Technologies Inc[23] | Specialized communications equipment |
May 15, 2006 | PennEngineering Motion Technologies[24] | Motion-technology |
Jun 15, 2006 | Land Instruments International[25] | Infrared temperature measurement, combustion-efficiency and emissions-monitoring |
Sep 28, 2006 | General Ceramics[26] | Hermetic microelectronic packages |
Nov 6, 2006 | Precitech[27] | Ultra-precision machining systems |
Jun 5, 2007 | Advanced Industries Inc.[28] | Starter generators |
Jun 5, 2007 | B&S Aircraft Parts & Accessories[29] | Jet overhaul services |
Jun 20, 2007 | Hamilton Precision Metals Inc.[30] | Precision metal strip |
Aug 13, 2007 | Cameca SAS[31] | Electron probe microanalysis instrumentation and Low-energy X-ray emission spectroscopy |
Dec 14, 2007 | California Instruments[32] | Programmable power |
Feb 11, 2008 | Newage Testing[33] | Testing equipment |
Feb 21, 2008 | Drake Air[34] | Heat-transfer repair services |
Feb 26, 2008 | Motion Control Group[35] | Customized motors and motion control products |
Apr 14, 2008 | Reading Alloys[36] | Niche specialty metals |
Jun 12, 2008 | Vision Research[37] | High-speed digital imaging systems |
Aug 25, 2008 | Xantrex Technology Inc.[38] | Programmable power |
Nov 3, 2008 | Muirhead Aerospace[39] | Aerospace and defense |
Jan 20, 2009 | High Standard Aviation[40] | Electrical/electromechanical, hydraulic and pneumatic repair services |
Sep 28, 2009 | Unispec Marketing Pvt. Ltd. | Affiliated businesses |
Sep 28, 2009 | Thelsha Technical Services Pvt. Ltd[41] | Affiliated businesses |
Jan 26, 2010 | Sterling Ultra Precision[42] | Machine tools for the ophthalmic lens |
April 8, 2010 | Imago Scientific Instruments[43] | 3D atom probes |
June 1, 2010 | Technical Services for Electronics[44] | Engineered interconnect solutions |
July 1, 2010 | Haydon Enterprises[45] | High-precision motion control products |
Aug 19, 2010 | American Reliance's Power Division[46] | Direct current power supplies and electronic loads |
Nov 9, 2010 | Atlas Material Testing Technology[47] | Weathering test instruments |
April 28, 2011 | Avicenna Technology, Inc[48] | Medical device industry |
May 9, 2011 | Coining Holding Company[49] | Metal preforms, microstampings and bonding wire solutions |
Oct 17, 2011 | Reichert Technologies[50] | Eye care |
Oct 25, 2011 | EM Test GmbH[51] | Electronic test and measurement equipment |
Jan 3, 2012 | Technical Manufacturing Corporation[52] | Vibration isolation systems and optical test benches |
Jan 26, 2012 | O'Brien Corporation[53] | Fluid and gas handling solutions |
May 21, 2012 | Dunkermotoren GmbH[54] | Advanced motion control solutions |
Oct 23, 2012 | Micro-Poise Measurement Systems[55] | Integrated test and measurement solutions for the tire industry |
Dec 17, 2012 | Aero Components International[56] | Aviation repair operations |
Dec 17, 2012 | Avtech Avionics and Instruments | Aviation repair operations |
Jan 2, 2013 | Sunpower, Inc[57] | Stirling cycle cryocoolers and externally heated stirling engine technology |
Jan 2, 2013 | Crystal Engineering[58] | Pressure calibrators and digital test gauges |
Aug 7, 2013 | Controls Southeast, Inc.[59] | Custom-engineered thermal solutions |
Oct 29, 2013 | Creaform (3D)[60] | Portable 3D measurement technologies |
Dec 4, 2013 | Powervar[61] | Power management systems and uninterruptible power supply (UPS) systems |
Jan 3, 2014 | Teseq Group[62] | Test and measurement instrumentation for electromagnetic compatibility (EMC) testing |
Feb 10, 2014 | VTI Instruments[63] | High precision test and measurement instrumentation |
June 20, 2014 | Zygo Corporation[64] | Non-contact optical metrology |
Aug. 5, 2014 | AMPTEK, Inc.[65] | X-ray detectors using x-ray fluorescence (XRF) |
Aug. 5, 2014 | Luphos GmbH[66] | Non-contact metrology technology |
May 8, 2015 | Global Tubes[67] | Small-diameter precision tubing |
July 7, 2015 | Surface Inspection Systems Division, Cognex Corp.[68] | Vision systems for surface flaw and defect detection |
Nov 1, 2016 | Laserage Technology Corporation[69] | Laser fabrication for medical device market |
Aug 4, 2016 | Nu Instruments | High-end elemental analysis |
Aug 4, 2016 | HS Foils[70] | Materials analysis |
Feb 5, 2016 | Brookfield Engineering[71] | Laboratory viscosity and rheology instruments |
Feb 5, 2016 | ESP/SurgeX[72] | Power protection |
Feb 7, 2017 | Rauland-Borg Corporation[73] | Healthcare communications solutions |
April 17, 2017 | MOCON, Inc.[74] | Laboratory and field gas analysis instrumentation |
December 19, 2017 | Arizona Instrument[75] | Laboratory moisture analysis and field toxic gas analyzers |
January 19, 2018 | FMH Aerospace[76] | Aerospace components |
April 9, 2018 | SoundCom Systems[77] | Communication solutions integration |
November 1, 2018 | Forza Silicon[78] | Imaging Sensors |
November 1, 2018 | Telular[79] | Communication Solutions |
November 27, 2018 | Spectro Scientific[80] | Fluid Analysis Instrumentation |
September 4, 2019 | Pacific Design Technologies[81] | Thermal Management Solutions |
September 27, 2019 | Gatan, Inc.[82] | Electron microscope instrumentation and software |
February 5, 2020 | IntelliPower[83] | Uninterruptible power systems |
March 29, 2021 | Magnetrol International[84] | Flow measurement |
March 29, 2021 | Crank Software[85] | Digitally enabled devices |
March 29, 2021 | EGS Automation (EGS)[86] | Automation |
April 29, 2021 | Abaco Systems[87] | Embedded computing |
May 4, 2021 | NSI-MI[88] | Radio Frequency and Microwave test and measurement solutions |
December 1, 2021 | Alphasense[89] | Gas and particulate sensors |
November 1, 2022 | Navitar[90] | Advanced Optical Components |
November 1, 2022 | RTDS Technologies[91] | Power Simulation Systems |
May 2, 2023 | Bison Gear & Engineering | Motion Control Solutions |
September 6, 2023 | United Electronic Industries[92] | Data Acquisition and Control Solutions |
October 31, 2023 | Paragon Medical | Highly engineered medical components and instruments |
October 31, 2023 | Amplifier Research Corp | Radio frequency (RF) and microwave amplifiers and electromagnetic compatibility (EMC) testing equipment |
Divisions
[edit]Abaco Systems
Rugged embedded electronics used in various industries.
Aerospace & Defense
Engine and avionics. Other aviation products and components.
Creaform
[edit]Creaform manufactures metrology and 3D engineering devices for use in shop-floor environments[93] It is based in Lévis, Quebec, Canada. The company was founded in 2002 by Martin Lamontagne and two co-workers at Modelex.[94] It began with a $200,000 loan from the Business Development Bank of Canada.[94] In 2009, the company sold its 1000th laser scanner,[95] priced from $50 –100,000.[96] Creaform was acquired by Ametek in 2013 for $120 million in cash.[97] At the time, Creaform had annual sales of $52 million.[97] In 2017, Creaform opened a new, $20 million, headquarters in Levis.[98] 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
[edit]- ^ "Annual Report". AMETEK, Inc.[permanent dead link]
- ^ "AMETEK, Inc. (AME) Income Statement - Yahoo Finance". finance.yahoo.com. Retrieved 2024-03-29.
- ^ "AMETEK: Number of Employees 2010-2023 | AME". www.macrotrends.net. Retrieved 2024-03-29.
- ^ "Overview". Archived from the original on 2013-01-26. Retrieved 2013-01-29.
- ^ "History of AMETEK, Inc. – FundingUniverse".
- ^ "Profile: Ametek Inc (AME)". Reuters.
- ^ "Our Products". Archived from the original on 2013-02-01. Retrieved 2013-01-29.
- ^ 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.
- ^ PROHASKA, FRED O. WILLIAMS AND THOMAS J. "MARK IV SELLS GULTON DIVISION TO AMETEK INC. FOR $23 MILLION". Buffalo News. Retrieved 2023-03-19.
- ^ "Ametek Acquires Gulton-Statham and Patriot Sensors & Controls". www.aerospaceonline.com. Retrieved 2023-03-19.
- ^ "Ametek Bolsters Level Measurement With Drexelbrook Acquisition". www.chemicalonline.com. Retrieved 2023-03-19.
- ^ "Ametek acquires GS Electric". www.bizjournals.com. 2001-05-21. Retrieved 2023-03-19.
- ^ Perry, Jessica (2005-08-09). "Pennsylvania's AMETEK Buys EDAX for 37 Million". NJBIZ. Retrieved 2023-03-19.
- ^ "AMETEK Acquires Solidstate Controls, Inc". www.poweronline.com. Retrieved 2023-03-19.
- ^ "Ametek buys Chandler Instruments". Control Engineering. 2003-11-01. Retrieved 2023-03-19.
- ^ "Technology Briefing | Deals: Ametek Acquires Precision Tool Maker". The New York Times. 2004-06-22. ISSN 0362-4331. Retrieved 2023-03-19.
- ^ "Ametek buys Hughes-Treitler Mfg - UPI.com". UPI. Retrieved 2023-03-19.
- ^ "AMETEK Acquires SPECTRO Analytical Instruments". www.laboratorynetwork.com. Retrieved 2023-03-19.
- ^ "Ametek buys micro-motor technology from Xtreme Energy". Control Engineering. 2005-06-28. Retrieved 2023-03-19.
- ^ Publisher, Pump Engineer (2005-09-11). "Ametek acquires Quizix". Pump Engineer. Retrieved 2023-03-19.
- ^ "AMETEK to Acquire Solartron Companies". IBO. Retrieved 2023-03-19.
- ^ "Ametek finalizes HCC purchase". www.bizjournals.com. 2005-10-10. Retrieved 2023-03-19.
- ^ "Ametek Inc. Acquires Pulsar Technologies Inc". www.ewweb.com. 2006-05-01. Retrieved 2023-03-19.
- ^ "Ametek Inc. Acquires PennEngineering". mddionline.com. 2006-08-01. Retrieved 2023-03-19.
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- ^ "Ametek buys General Ceramics". www.bizjournals.com. 2006-09-28. Retrieved 2023-03-19.
- ^ "Ametek Acquires Precitech". www.photonics.com. Retrieved 2023-03-19.
- ^ Drake, Tish (2007-06-05). "Ametek Acquires Two Aerospace Companies". Avionics International. Retrieved 2023-03-19.
- ^ Editorial Staff (2007-06-06). "AMETEK Acquires Component Manufacturer, Overhauler". AVweb. Retrieved 2023-03-19.
- ^ "Ametek acquires specialty metals producer for $42 million". Reuters. 2007-06-14. Retrieved 2023-03-19.
- ^ "AMETEK Acquires CAMECA SAS". www.laboratorynetwork.com. Retrieved 2023-03-19.
- ^ "AMETEK acquires California Instruments Corp., expands in test and measurement segment". www.militaryaerospace.com. 2007-12-16. Retrieved 2023-03-19.
- ^ "AMETEK Acquires Newage Testing Instruments | Industrial Heating". www.industrialheating.com. Retrieved 2023-03-19.
- ^ "Ametek Acquires Drake Air". WebWire. Retrieved 2023-03-19.
- ^ "AMETEK acquires Minneapolis-based Motion Control Group". www.americanmachinist.com. 2008-04-14. Retrieved 2023-03-19.
- ^ "Ametek acquires Reading Alloys". 2008-04-15.
- ^ "AMETEK acquires Vision Research". www.vision-systems.com. 2008-06-23. Retrieved 2023-03-19.
- ^ DiStefano, Joseph N. "Ametek buys Xantrex power unit". Retrieved 2023-03-19.
- ^ "Ametek Acquires Muirhead Aerospace Limited". Aviation Pros. 2008-11-04. Retrieved 2023-03-19.
- ^ "AMETEK acquires High Standard Aviation". www.militaryaerospace.com. 2009-02-07. Retrieved 2023-03-19.
- ^ "AMETEK Buys Assets Of Unispec Marketing Pvt. Ltd. And Thelsha Technical Services Pvt. Ltd. - Quick Facts". RTTNews. Retrieved 2023-03-19.
- ^ "AMETEK Acquires Sterling Ultra Precision". www.prnewswire.com. 2010-01-26. Retrieved 2023-03-19.
- ^ "Ametek Acquires Imago Scientific Instruments". NS Medical Devices. 2010-04-07. Retrieved 2023-03-19.
- ^ "Ametek acquires Technical Services for Electronics for undisclosed amount". Retrieved 2023-03-19.
- ^ "Ametek buys Haydon Enterprises for $270M". www.bizjournals.com. 2010-07-01. Retrieved 2023-03-19.
- ^ Ametek. "Ametek Acquires American Reliance's Power Division". www.prnewswire.com. Retrieved 2023-03-19.
- ^ "Ametek Acquires Atlas Material Testing Technology". www.machinerylubrication.com. Retrieved 2023-03-19.
- ^ "Ametek acquires Avicenna Technology". Healthcare Packaging. 2011-05-02. Retrieved 2023-03-19.
- ^ "Ametek buys Coining Holding". www.bizjournals.com. 2011-05-09. Retrieved 2023-03-19.
- ^ "Ametek buys Reichert". Optician Online. Retrieved 2023-03-19.
- ^ "Ametek Acquires EM Test". 2011-10-25.
- ^ "AMETEK Acquires Technical Manufacturing Corporation". www.techmfg.com. Retrieved 2023-03-19.
- ^ "AMETEK, Inc. (AME) Acquires O'Brien Corporation for $175 Million". StreetInsider.com. Retrieved 2023-03-19.
- ^ "Ametek acquires Germany's Dunkermotoren for €250m - Drives and Controls Magazine". www.drivesncontrols.com. Retrieved 2023-03-19.
- ^ "Ametek Acquires Micro-Poise for $170M". 2012-10-23.
- ^ "Ametek buys Aero Components, Avtech Avionics". www.bizjournals.com. 2012-12-17. Retrieved 2023-03-19.
- ^ "Athens' Sunpower bought by Ametek". www.bizjournals.com. 2013-01-02. Retrieved 2023-03-19.
- ^ "AMETEK Announces Two Technology Acquisitions". www.prnewswire.com. 2013-01-02. Retrieved 2023-03-19.
- ^ "AMETEK purchases Controls Southeast Inc. | 2013-08-08 | Engineered Systems Magazine". www.esmagazine.com. Retrieved 2023-03-19.
- ^ Hurwitz, David (2013-10-29). "Ametek acquires Creaform for $120 million". Chemical Engineering. Retrieved 2023-03-19.
- ^ "Ametek buys Powervar". www.electricalmarketing.com. 2013-12-05. Retrieved 2023-03-19.
- ^ "AMETEK acquires Teseq Group | 2014-01-06 | Microwave Journal". www.microwavejournal.com. Retrieved 2023-03-19.
- ^ "Ametek Acquires VTI Instruments". In Compliance Magazine. 2014-02-14. Retrieved 2023-03-19.
- ^ "AMETEK acquires Zygo Corporation". www.vision-systems.com. 2014-06-20. Retrieved 2023-03-19.
- ^ "AMETEK Acquires Amptek (August 4, 2014)". www.amptek.com. Retrieved 2023-03-19.
- ^ "AMETEK announces the acquisition of Luphos GmbH". www.taylor-hobson.com. Retrieved 2023-03-19.
- ^ "AMETEK announces acquisition of Global Tubes". www.finetubes.co.uk. Retrieved 2023-03-19.
- ^ "AMETEK buys Cognex surface inspection business unit". www.todaysmedicaldevelopments.com/. 2015-07-07.
- ^ "AMETEK Acquires Laserage Technology Corporation". News Powered by Cision. Retrieved 2023-03-19.
- ^ "AMETEK Acquires HS Foils Oy | Mergr M&A Deal Summary". mergr.com. Retrieved 2023-03-19.
- ^ "AMETEK Acquires Brookfield Engineering Laboratories". PharmTech. Retrieved 2023-03-19.
- ^ "Ametek Acquires Brookfield Engineering and ESP/Surge". In Compliance Magazine. 2016-02-05. Retrieved 2023-03-19.
- ^ "AMETEK Completes Acquisition Of Rauland-Borg Corp. - Quick Facts". RTTNews. Retrieved 2023-03-19.
- ^ "AMETEK Acquires MOCON | Food Safety". www.food-safety.com. Retrieved 2023-03-19.
- ^ "Arizona Instrument Broadens AMETEK's Instrumentation Platform". www.brookfieldengineering.com. Retrieved 2023-03-19.
- ^ "Industrial Growth Partners Sells FMH Aerospace to Ametek". WSJ. Retrieved 2023-03-19.
- ^ "Soundcom Systems has been acquired by AMETEK". The CFI Group (in German). Retrieved 2023-03-19.
- ^ Koifman, Vladimir (2018-11-02). "AMETEK Acquires Forza Silicon for $40m". F4News. Retrieved 2023-03-19.
- ^ "Telular Acquired by Electronic Instruments Maker AMETEK for $525M". Security Sales & Integration. 2018-11-05. Retrieved 2023-03-19.
- ^ "Ametek acquires Spectro Scientific". www.miningmagazine.com. 2018-11-30. Retrieved 2023-03-19.
- ^ DiStefano, Joseph N. (2019-09-04). "Ametek buys California aerospace firm for $125 million; Philly-area manufacturer's sixth deal in two years". www.inquirer.com. Retrieved 2023-03-19.
- ^ DiStefano, Joseph N. "Ametek to pay $925 million for microscope maker, its biggest buy under new CEO". www.inquirer.com. Retrieved 2023-03-19.
- ^ "AMETEK Acquires IntelliPower". www.prnewswire.com. Retrieved 2023-03-19.
- ^ "AMETEK acquires Magnetrol International Incorporated". www.waterworld.com. 2021-04-07. Retrieved 2023-03-19.
- ^ "Crank Software acquired by U.S. electronics manufacturer Ametek | The Kanata Networker". 2021-04-09. Retrieved 2023-03-19.
- ^ "Dunkermotoren acquires 100% of the shares in EGS Automation". Automation USA. 2021-03-02. Retrieved 2023-03-19.
- ^ Keller, John (2021-03-24). "Embedded computing industry shakeup: Ametek to acquire Abaco Systems in proposed $1.35 billion deal". www.militaryaerospace.com. Retrieved 2023-03-19.
- ^ "AMETEK Acquires NSI-MI Technologies | Microwave Journal". www.microwavejournal.com. Retrieved 2023-03-19.
- ^ Powell, Mark (2021-12-01). "AMETEK Acquires Alphasense". Modern Distribution Management. Retrieved 2023-03-19.
- ^ "Ametek buys optical solutions provider Navitar | Electro Optics". www.electrooptics.com. Retrieved 2023-03-19.
- ^ "AMETEK Acquires Navitar, RTDS Technologies". www.photonics.com. Retrieved 2023-03-19.
- ^ "AMETEK acquires United Electronic Industries". evertiq.com. 2023. Retrieved 2023-09-07.
- ^ Firth, Niall (2007-02-26). "INSIGHT: Going steady". The Engineer. Archived from the original on 2018-01-13.
- ^ a b King, Mike (2006-10-18). "Creaform Founder Wins Award". The Montreal Gazette.
- ^ "Creaform sells 1,000th laser scanner". Design Engineering. May 26, 2014.
- ^ Cherdo, Ludivine. "Handheld 3D scanners 2019: top 10 selection and buying guide". Aniwaa. Retrieved 25 July 2019.
- ^ a b Lamontagne, Kathryne. "Creaform achetée par Ametek pour 120 M$". Le Journal de Montréal (in Canadian French). Retrieved 2018-01-14.
- ^ Couture, Pierre. "Un nouveau siège social de 20 M$ pour Creaform à Lévis". Le Journal de Québec (in Canadian French). Retrieved 2018-01-14.
External links
[edit]- Official website
- Business data for Ametek: