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BERWYN, Pa., May 4, 2021 /PRNewswire/ AMETEK, Inc. (NYSE: AME) today announced that it has acquired NSI-MI Technologies, a leading provider of radio frequency and microwave test and measurement solutions and services. NSI-MI was acquired for $230 million and has annual sales of approximately $90 million.
NSI-MI s expertise in advanced radio frequency and microwave technologies allows them to provide complete test and measurement systems for niche applications across the aerospace, defense, automotive, wireless communications, and research markets. The company has a diverse portfolio of testing instrumentation, components and software, while also providing customers with turnkey anechoic and simulation chambers, and a broad set of aftermarket services.
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 Announces New Term Loan
- Delayed Draw Term Loan of up to $800 million -
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BERWYN, Pa., April 29, 2021 /PRNewswire/ AMETEK, Inc. (NYSE: AME) announced that it has entered into a new five-year, delayed draw, bank term loan for up to $800 million with existing lenders under our revolving credit facility. The term loan drawn pricing is the same as borrowings under the revolving credit facility and can be repaid at any time without penalty. Proceeds from the term loan will be used to repay borrowings under the revolving credit facility and to provide capital to support our acquisition growth strategy.
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