AMETEK Announces Three Acquisitions
March 30, 2021
AMETEK announced that it has completed three acquisitions – Magnetrol International, Crank Software, and EGS Automation (EGS). Per the company, 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.”
Magnetrol and Crank Software join AMETEK as part of its Electronic Instruments Group (EIG) – a global manufacturer of advanced analytical, monitoring, testing, calibrating, and display instruments. EGS Automation joins AMETEK’s Electromechanical Group (EMG) – a differentiated supplier of thermal management systems, and automation and engineered solutions.
Headquartered in Aurora, Illinois, Magnetrol is a provider of level and flow control solutions for challenging process applications across end markets including medical, pharmaceutical, oil and gas, food and beverage, and general industrial. Magnetrol’s portfolio of mission-critical products are designed to optimize processes, maximize yields, and ensure safety.
Headquartered in Ottawa, Canada, Crank Software is a provider of embedded graphical user interface (GUI) software and services. Storyboard – the company’s flagship offering – is a solution that enables the design and development of customized user experiences in a range of embedded products. Crank Software also offers a customizable set of professional services that takes customers from concept to completion in their GUI design and development cycle.
Headquartered in Donaueschingen, Germany, EGS is an automation solutions provider that designs and manufactures engineered, customized robotic solutions used in critical applications for the medical, food and beverage, and general industrial markets.
For more information, visit: https://www.ametek.com/