Ametek

Last updated
AMETEK, Inc.
Company type Public
ISIN US0311001004  OOjs UI icon edit-ltr-progressive.svg
Industry Conglomerate
Founded1930;94 years ago (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
RevenueIncrease2.svg US$6.60 billion (2023)
Increase2.svg US$1.71 billion (2023)
Increase2.svg US$1.31 billion (2023)
Total assets Increase2.svg US$11.68 billion (2021)
Total equity Increase2.svg US$8.73 billion (2023)
Number of employees
c. 21,500 (Dec. 2023)
Website www.ametek.com
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]

Contents

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

History prior to 1999 is incomplete.

Acquisition DateCompany NameBusiness
Jan 12, 1998Rotron Inc. [8] Aerospace motors, fans and blowers
May 3, 1999Gulton-Statham [9] High-accuracy electronic pressure transmitters and transducers
Aug 2, 1999Patriot Sensors & Controls Corp. [10] Position sensors, aviation sensors and tank-level gauges
Dec 3, 1999Drexelbrook Engineering [11] Point and continuous level measurement
May 21, 2001GS Electric [12] Universal and permanent magnet motors
Jul 9, 2001Edax Inc. [13] Analytic instrumentation
Mar 5, 2003Solidstate Controls Inc. [14] Uninterruptible power supply systems
Sep 8, 2003Chandler Engineering and Grabner Instruments [15] Drilling, production enhancement, & fuels analysis instruments
Jun 21, 2004Taylor Hobson Holdings Ltd [16] Ultra-precision measurement instrumentation
Jul 19, 2004Hughes-Treitler Manufacturing Corp. [17] Heat exchangers and thermal management subsystems
Jun 14, 2005Spectro Beteiligungs (Spectro Analytical Instruments GmbH & Co) [18] Atomic spectroscopy instrumentation
Jun 21, 2005Xtreme Energy [19] Patented technology for brushless DC micro-motors
Sep 7, 2005Quizix Inc. [20] Precision pumping systems
Sep 26, 2005Solartron [21] Analytical instruments
Oct 10, 2005HCC Industries [22] Highly engineered hermetic connectors
Feb 16, 2006Pulsar Technologies Inc [23] Specialized communications equipment
May 15, 2006PennEngineering Motion Technologies [24] Motion-technology
Jun 15, 2006 Land Instruments International [25] Infrared temperature measurement, combustion-efficiency and emissions-monitoring
Sep 28, 2006General Ceramics [26] Hermetic microelectronic packages
Nov 6, 2006Precitech [27] Ultra-precision machining systems
Jun 5, 2007Advanced Industries Inc. [28] Starter generators
Jun 5, 2007B&S Aircraft Parts & Accessories [29] Jet overhaul services
Jun 20, 2007Hamilton Precision Metals Inc. [30] Precision metal strip
Aug 13, 2007Cameca SAS [31] Electron probe microanalysis instrumentation and Low-energy X-ray emission spectroscopy
Dec 14, 2007California Instruments [32] Programmable power
Feb 11, 2008Newage Testing [33] Testing equipment
Feb 21, 2008Drake Air [34] Heat-transfer repair services
Feb 26, 2008Motion Control Group [35] Customized motors and motion control products
Apr 14, 2008Reading Alloys [36] Niche specialty metals
Jun 12, 2008 Vision Research [37] High-speed digital imaging systems
Aug 25, 2008Xantrex Technology Inc. [38] Programmable power
Nov 3, 2008Muirhead Aerospace [39] Aerospace and defense
Jan 20, 2009High Standard Aviation [40] Electrical/electromechanical, hydraulic and pneumatic repair services
Sep 28, 2009Unispec Marketing Pvt. Ltd.Affiliated businesses
Sep 28, 2009Thelsha Technical Services Pvt. Ltd [41] Affiliated businesses
Jan 26, 2010Sterling Ultra Precision [42] Machine tools for the ophthalmic lens
April 8, 2010Imago Scientific Instruments [43] 3D atom probes
June 1, 2010Technical Services for Electronics [44] Engineered interconnect solutions
July 1, 2010Haydon Enterprises [45] High-precision motion control products
Aug 19, 2010American Reliance's Power Division [46] Direct current power supplies and electronic loads
Nov 9, 2010Atlas Material Testing Technology [47] Weathering test instruments
April 28, 2011Avicenna Technology, Inc [48] Medical device industry
May 9, 2011Coining Holding Company [49] Metal preforms, microstampings and bonding wire solutions
Oct 17, 2011Reichert Technologies [50] Eye care
Oct 25, 2011EM Test GmbH [51] Electronic test and measurement equipment
Jan 3, 2012Technical Manufacturing Corporation [52] Vibration isolation systems and optical test benches
Jan 26, 2012O'Brien Corporation [53] Fluid and gas handling solutions
May 21, 2012Dunkermotoren GmbH [54] Advanced motion control solutions
Oct 23, 2012Micro-Poise Measurement Systems [55] Integrated test and measurement solutions for the tire industry
Dec 17, 2012Aero Components International [56] Aviation repair operations
Dec 17, 2012Avtech Avionics and InstrumentsAviation repair operations
Jan 2, 2013Sunpower, Inc [57] Stirling cycle cryocoolers and externally heated stirling engine technology
Jan 2, 2013Crystal Engineering [58] Pressure calibrators and digital test gauges
Aug 7, 2013Controls Southeast, Inc. [59] Custom-engineered thermal solutions
Oct 29, 2013Creaform (3D) [60] Portable 3D measurement technologies
Dec 4, 2013Powervar [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, 2014AMPTEK, Inc. [65] X-ray detectors using x-ray fluorescence (XRF)
Aug. 5, 2014Luphos GmbH [66] Non-contact metrology technology
May 8, 2015Global Tubes [67] Small-diameter precision tubing
July 7, 2015Surface Inspection Systems Division, Cognex Corp. [68] Vision systems for surface flaw and defect detection
Nov 1, 2016Laserage Technology Corporation [69] Laser fabrication for medical device market
Aug 4, 2016Nu InstrumentsHigh-end elemental analysis
Aug 4, 2016HS Foils [70] Materials analysis
Feb 5, 2016Brookfield Engineering [71] Laboratory viscosity and rheology instruments
Feb 5, 2016ESP/SurgeX [72] Power protection
Feb 7, 2017Rauland-Borg Corporation [73] Healthcare communications solutions
April 17, 2017MOCON, Inc. [74] Laboratory and field gas analysis instrumentation
December 19, 2017Arizona Instrument [75] Laboratory moisture analysis and field toxic gas analyzers
January 19, 2018FMH Aerospace [76] Aerospace components
April 9, 2018SoundCom Systems [77] Communication solutions integration
November 1, 2018Forza Silicon [78] Imaging Sensors
November 1, 2018Telular [79] Communication Solutions
November 27, 2018Spectro Scientific [80] Fluid Analysis Instrumentation
September 4, 2019Pacific Design Technologies [81] Thermal Management Solutions
September 27, 2019Gatan [82] Electron microscope instrumentation and software
February 5, 2020IntelliPower [83] Uninterruptible power systems
March 29, 2021Magnetrol International [84] Flow measurement
March 29, 2021Crank Software [85] Digitally enabled devices
March 29, 2021EGS Automation (EGS) [86] Automation
April 29, 2021Abaco Systems [87] Embedded computing
May 4, 2021NSI-MI [88] Radio Frequency and Microwave test and measurement solutions
December 1, 2021Alphasense [89] Gas and particulate sensors
November 1, 2022Navitar [90] Advanced Optical Components
November 1, 2022RTDS Technologies [91] Power Simulation Systems
May 2, 2023Bison Gear & EngineeringMotion Control Solutions
September 6, 2023United Electronic Industries [92] Data Acquisition and Control Solutions
October 31, 2023Paragon MedicalHighly engineered medical components and instruments
October 31, 2023Amplifier Research CorpRadio frequency (RF) and microwave amplifiers and electromagnetic compatibility (EMC) testing equipment

Divisions

Abaco Systems

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 [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.

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References

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  94. 1 2 King, Mike (2006-10-18). "Creaform Founder Wins Award". The Montreal Gazette.
  95. ↑ "Creaform sells 1,000th laser scanner". Design Engineering. May 26, 2014.
  96. ↑ Cherdo, Ludivine. "Handheld 3D scanners 2019: top 10 selection and buying guide". Aniwaa. Retrieved 25 July 2019.
  97. 1 2 Lamontagne, Kathryne. "Creaform achetée par Ametek pour 120 M$". Le Journal de Montréal (in Canadian French). Retrieved 2018-01-14.
  98. ↑ Couture, Pierre. "Un nouveau siège social de 20 M$ pour Creaform à Lévis". Le Journal de Québec (in Canadian French). Retrieved 2018-01-14.
An AMETEK USG Pressure Gauge Device, made by AMETEK's gauge division Psidial.jpg
An AMETEK USG Pressure Gauge Device, made by AMETEK's gauge division
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