AMETEK completes two acquisitions

AMETEK, Inc. today announced that it has completed two acquisitions; FMH Aerospace, a leading provider of complex, highly-engineered solutions for the aerospace, defense and space industries and Arizona Instrument, a provider of differentiated, high-precision moisture and gas measurement instruments.

Combined, approximately $273 million was deployed on these acquisitions.

"We are very excited with the acquisitions of FMH Aerospace and Arizona Instrument as both companies offer differentiated products serving attractive markets," comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. "We are pleased with our recent acquisition efforts and continue to manage our strong deal pipeline."

FMH Aerospace is a leading provider of complex, highly-engineered solutions for the aerospace, defense and space industries. FMH products are used to facilitate the transfer of fluids and gases at extreme temperatures and pressures with highly demanding, mission-critical applications.

"FMH is a high-quality acquisition for our Thermal Management Systems businesses with excellent positions across a number of attractive aerospace and defense platforms," notes Mr. Zapico. "Its proprietary products and solutions further broaden our differentiated product offering serving these markets."

FMH Aerospace, with annual sales of approximately $50 million, was acquired for $235 million. Headquartered in Irvine, CA, it joins AMETEK as part of its Electromechanical Group, a differentiated supplier of automation and precision motion control solutions, electrical interconnects, specialty metals, thermal management systems and specialty motors.