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Ametek Completes Acquisition of Abaco Systems, for $1.35 Billion
Ametek, Inc. (NYSE: AME), a Berwyn, Pa.-based global manufacturer of electronic instruments and electromechanical devices, completed its acquisition of Abaco Systems, Inc., a provider of mission critical embedded computing systems, in an all-cash transaction valued at $1.35 billion.
With the acquisition, Abaco’s computing and electronic solutions complement Ametek’s existing aerospace and defense businesses, expanding its positions across many growth platforms.
With annual sales of approximately $325 million, Abaco joins Ametek as part of its Electronic Instruments Group (EIG), – a provider of advanced analytical, monitoring, testing, calibrating and display instruments.
Led by David A. Zapico, Chairman and Chief Executive Officer, Ametek is a global manufacturer of electronic instruments and electromechanical devices with annual sales in 2020 of more than $4.5 billion. The company’s Growth Model inte
AMETEK Completes Acquisition of Abaco Systems
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BERWYN, Pa., April 29, 2021 /PRNewswire/ AMETEK, Inc. (NYSE: AME) today announced that it has completed its acquisition of Abaco Systems, Inc., a leading provider of mission critical embedded computing systems in an all-cash transaction valued at $1.35 billion. We are excited to welcome Abaco to AMETEK, said David A. Zapico, AMETEK Chairman and Chief Executive Officer. Abaco s market leading computing and electronic solutions nicely complement our existing aerospace and defense businesses, expanding our positions across many attractive growth platforms.
With annual sales of approximately $325 million, Abaco joins AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instruments.
AMETEK Reports Agreement to Acquire Abaco Systems | AMETEK Reports Agreement to Acquire Abaco SystemsFinancial Buzz
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