AMETEK, Inc. announced that it has completed three acquisitions – Magnetrol International, Crank Software and EGS Automation. Approximately $270 million was deployed on these acquisitions which have combined annual sales of approximately $120 million.
“We are pleased to welcome the Magnetrol, Crank Software and EGS teams to AMETEK,” commented David A. Zapico, AMETEK chairman and chief executive officer. “Each of these businesses provide AMETEK with unique capabilities which strategically expand our presence in attractive growth areas. We continue to strengthen our portfolio through the acquisition of market-leading businesses with innovative, advanced technology solutions. We are pleased with this recent acquisition activity and continue to manage an active deal pipeline with exciting opportunities for growth.”
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