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On November 1, 2022, Ametek (NYSE: AME) announced the completion of two acquisitions — Navitar, Inc. and RTDS Technologies Inc. Ametek deployed approximately $430 million in total for these acquisitions, with the newly added teams generating approximately $100 million in annual sales.
David A. Zapico, Chairman and Chief Executive Officer of Ametek, stated, "We warmly welcome the Navitar and RTDS teams to Ametek! These two businesses are highly complementary to our existing technologies and strategically expand our coverage in unique areas. By acquiring leading businesses and innovative advanced technology solutions in the market, Ametek continues to strengthen its product portfolio."
The acquired teams will be integrated into Ametek's Electronic Instruments Group (EIG) — a manufacturer of advanced analytical, monitoring, testing, calibration, and display instruments.
Navitar, headquartered in Rochester, New York, is a renowned provider of advanced optical components, offering high-precision application solutions across various end markets.
Navitar is a market leader in designing, developing, and manufacturing customized, fully integrated optical imaging systems, cameras, components, and software. The company provides technologically advanced innovative optical solutions for key applications in rapidly growing end markets, including medical and life sciences, machine vision and robotics, and industrial automation.
"Navitar, as a market-leading provider of optical components and solutions, complements our current optical product portfolio and can leverage our respective sales channels to accelerate business growth and expand the market," added David A. Zapico, Chairman and Chief Executive Officer of Ametek. "Furthermore, the demand for precision optical solutions is growing, and Navitar's future looks promising."
RTDS Technologies, headquartered in Winnipeg, Canada, is a premium supplier of real-time power simulation systems used for applications in utilities, research, and educational institutions for developing and testing grid and renewable energy applications.
RTDS's solutions are used for prototype design, verification, and closed-loop testing of power grids, power instrumentation, and network performance, helping to shorten product development cycles and reduce testing costs.
"RTDS is an excellent acquisition that strategically complements our existing differentiated testing and simulation capabilities in the power instrumentation business," continued Mr. Zapico. "Their real-time simulation solutions play a crucial role in grid modernization and support the development of renewable energy, distributed generation, and energy storage."
FALenses Technology specializes in providing machine vision core hardware. You can go to the official website of FALenses Technology at https://www.falenses.com/ for more information.