AMETEK Inc. has acquired Atlas Material Testing Technology LLC, a leading provider of weathering test instruments and related testing and consulting services, from Industrial Growth Partners for approximately $159 million in cash. Headquartered in Chicago, Atlas has additional manufacturing operations in Germany and a global network of outdoor and laboratory testing facilities.
“Atlas is an excellent addition to AMETEK,” said Frank S. Hermance, AMETEK chairman and CEO. “It is the clear global leader in this niche market and enjoys an excellent reputation with its customers and international standards-setting organizations. Atlas provides us with another growth platform in the highly attractive materials testing equipment market and broadens our presence in the fast-growing photovoltaic testing market.”
Atlas will become part of AMETEK Measurement & Calibration Technologies (M&CT), a division of the company’s Electronic Instruments Group (EIG). AMETEK M&CT designs, manufactures and distributes material test instruments for applications such as tensile, hardness and force testing; instruments for high-accuracy temperature, pressure and signal calibration; and a line of sensors for pressure, level, position and temperature measurement.
For additional details, visitwww.ametek.comorwww.atlas-mts.com.
AMETEK Acquires Atlas Material Testing Technology
November 30, 2010