Ametek Completes Acquisition of Dunkermotoren

Source: ControlDesign.com

May 23, 2012

Ametek, a leading global manufacturer of electronic instruments and electro-mechanical devices, announced Monday that it finalized the previously announced acquisition of parent company, Dunkermotoren, a leading manufacturer of drive technology.

Ametek predicts the acquisition will increase its sales in 2012 to approximately $200 million, adding roughly $0.02 per share to 2012 earnings and roughly $0.10 per share to 2013 earnings.

"We are excited about the acquisition of such an outstanding company," said Frank Hermance, Chairman and Chief Executive Officer at Ametek.  "Dunkermotoren is a global leader in highly engineered advanced motion control solutions for niche applications. It is an excellent strategic and highly complementary fit with our Precision Motion Control business."

Ametek Precision Motion Control is a division of Ametek's Electromechanical Group (EMG), which is a leader in technical motors and associated systems, electrical interconnects and specialty metals, according to Ametek's website.

"(The acquisition) expands our leadership position in niche rotary and linear motion applications," said Hermance. "In addition, it broadens our manufacturing capabilities in both Europe and China, and greatly expands our presence in key industrial end markets."
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