AMETEK Announces Two Strategic AcquisitionsApril 23, 2007
AMETEK will acquire power control technology and products from Halmar Robicon and Siemens Energy & Automation and has acquired Seacon Phoenix.
ARCwire --AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical devices, has announced two strategic acquisitions. The company has acquired the Halmar Robicon silicon controlled rectifier (SCR) power controller and related Power Control Systems technology and products of Siemens Energy & Automation, and this will be part of Ametek Solidstate Controls, where the company expects to enhance its capabilities and position in the US power controller market. Details of the acquisition were not disclosed. Click here for the full text of the press release.
AMETEK also announced that it has acquired Seacon Phoenix, a privately held provider of undersea electrical interconnect subsystems to the global submarine market, for approximately $38 million in cash. Seacon Phoenix, which has annual sales of approximately $17 million, adds to AMETEK's position in highly engineered hermetically sealed electrical interconnects and microelectronic packaging used to protect sophisticated electronics in aerospace, defense, telecommunications and industrial applications. Click here to read the complete press release.
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