AMETEK, the listed, Pennsylvania-based electronic instrument manufacturer, will buy acquire the parent company of Dunkermotoren GmbH from European PE firm Triton. Specifics of the deal were not publicized but Dunkermotoren, based in Germany, has anticipated 2012 sales of about $200 million.
BERWYN, Pa., April 26, 2012 AMETEK, Inc. (NYSE: AME) today announced that it has entered into a definitive agreement to acquire the parent company of Dunkermotoren GmbH, a leader in advanced motion control solutions for a wide range of industrial automation applications. The privately held manufacturer has expected 2012 sales of approximately euro 155 million (about $200 million) and is headquartered in Bonndorf, Germany.
AMETEK is acquiring the business from Triton, a European private equity firm. The acquisition, which is subject to German government approval as well as normal closing conditions, is expected to be completed during the second quarter.
“We are excited about the opportunity to acquire an outstanding company in Dunkermotoren,” said Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. “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. It expands our leadership position in niche rotary and linear motion applications. In addition, it broadens our manufacturing capabilities in both Europe and China, and greatly expands our presence in key industrial end markets.”
Dunkermotoren is a leader in advanced brush and brushless motion control solutions for a wide range of industrial automation applications, including factory equipment, office machines, medical devices and laboratory equipment. In addition to its facility in Bonndorf, Germany, Dunkermotoren has manufacturing operations in China and Serbia.
The business joins AMETEK as part of AMETEK Precision Motion Control, a division of AMETEK’s Electromechanical Group (EMG). AMETEK EMG, which had 2011 sales of $1.3 billion, is a leader in electrical interconnects, specialty metals, technical motors and associated systems.
AMETEK, Inc. is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.3 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.