BERWYN,
Pa., Sept. 6, 2023 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced the acquisition of United Electronic
Industries (UEI), a leading provider of data acquisition and
control solutions for the aerospace, defense, energy and
semiconductor industries.
UEI specializes in the design and manufacture of
high-performance test, measurement, simulation and control
solutions that enable customers to build smart, reliable, flexible
and rugged systems. The company's products are used in a variety of
mission critical applications, including flight simulation and
training, machine health and usage monitoring, and automated
testing.
"We are excited to welcome United Electronic Industries to the
AMETEK family," said David A.
Zapico, AMETEK Chairman and Chief Executive Officer. "UEI is
an excellent strategic fit with our Power Systems and Instruments
Division. Their innovative solutions nicely complement our existing
testing and data acquisition expertise helping broaden our presence
serving attractive market segments and applications."
UEI is headquartered in Norwood,
Massachusetts and has annual sales of approximately
$35 million. UEI will join AMETEK as
part of its Electronic Instruments Group (EIG) - a leader in
advanced analytical, monitoring, testing, calibrating and display
instrumentation.
Corporate Profile
AMETEK (NYSE: AME) is a leading
global provider of industrial technology solutions serving a
diverse set of attractive niche markets with annual sales over
$6.0 billion. The AMETEK Growth Model
integrates the Four Growth Strategies - Operational Excellence, New
Product Development, Global and Market Expansion, and Strategic
Acquisitions - with a disciplined focus on cash generation and
capital deployment. AMETEK's objective is double-digit percentage
growth in earnings per share over the business cycle and a superior
return on total capital. Founded in 1930, AMETEK has been listed on
the NYSE for over 90 years and is a component of the S&P 500.
For more information, visit www.ametek.com.
Contact:
Kevin
Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610-889-5247
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SOURCE AMETEK, Inc.