AMETEK, Inc. 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.
| Contact details from our directory: | |
| AMETEK PDS | Radio Communications Equipment, Solid State Circuit Breakers, Data Acquisition Systems, Electric Motors, AC/DC Generators, Electrical Actuators, Electromechanical Actuators, Engine Indicator Instruments, Generating Systems, Linear Actuators, Motor & Generator Brushes, Power Distribution Equipment, Rotary Actuators, Starter Generators, Air Data Computers, Avionics Management Systems, Electric Power Controllers, Flap Position Indicators |
| Abaco Systems Inc. | Computer Components, Electronic Components, Electrical Cable, Electric/Electronic Test Equipment, Onboard Computers, Printed Circuit Boards, Non-Destructive Testing |
| Related directory sectors: |
| Terminals, Relays & Switching |
| Flight & Data Management |
| Environmental Systems |
| Electrical Power Systems |
| Air Data & Flight Instruments |
| Actuation |
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