Electronic Equipment & Products M&A » By The Online Investor Staff, updated Fri., Apr. 26, 1:33 AM
Recent mergers and acquisitions in the Electronic Equipment & Products M&A category.
Slide #74. AMETEK, Inc. — Powervar
Acquirer: |
AMETEK, Inc. (NYSE:AME) |
Acquiree: |
Powervar |
Details: |
AMETEK, Inc. announced that it has 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. |
AMETEK is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. Co.'s products are marketed and sold worldwide through the following operating groups: Electronic Instruments (EIG) and Electromechanical (EMG). EIG is engaged in the design and manufacture of analytical, test and measurement instruments for the process, aerospace, medical, research, power and industrial markets. EMG is a supplier of automation solutions, thermal management systems, specialty metals and electrical interconnects.
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April 26, 2024 1:33 AM Eastern
Buy (3.15 out of 4)
37th percentile
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