M&A Deal Summary

AMETEK Acquires Creaform

On October 29, 2013, AMETEK acquired technology hardware company Creaform from Novacap for 120M USD

Acquisition Highlights
  • This is AMETEK’s 3rd transaction in the Technology Hardware sector.
  • This is AMETEK’s 25th largest (disclosed) transaction.
  • This is AMETEK’s 1st transaction in Canada.
  • This is AMETEK’s 1st transaction in Quebec.

M&A Deal Summary

Date 2013-10-29
Target Creaform
Sector Technology Hardware
Buyer(s) AMETEK
Sellers(s) Novacap
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Creaform

Levis, Quebec, Canada
Creaform is a world-class and innovative technological company offering 3D digital solutions. Creaform combines every 3D process and technology with innovative solutions that can cover the entire range of 3D needs: 3D scanning, reverse engineering, inspection, styling, design, analysis, digital manufacturing and medical applications.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States

Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees21,500
Revenue 6.9B USD (2024)
DESCRIPTION
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.

AMETEK is a global manufacturer of electronic instruments and electromechanical devices. AMETEK was founded in 1930 and is based in Berwyn, Pennsylvania.


DEAL STATS #
Overall 41 of 74
Sector: Technology Hardware M&A 3 of 9
Type: Add-on Acquisition M&A Deals 36 of 67
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 3
Year: 2013 M&A 4 of 5
Size (of disclosed) 25 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Controls Southeast

Pineville, North Carolina, United States

Controls Southeast, Inc. is a provider of bolt-on heating systems for piping, tanks, valves and instrumentation, as well as jacketed piping systems and full-service system engineering and design, field consulting and installation support for a broad range of critical industrial processes.

Buy $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Powervar

Waukegan, Illinois, United States

Powervar was a global manufacturer and distributor of branded and private label electrical power conditioning equipment for the medical, retail point-of-sale, industrial and other markets.

Buy $128M

Seller(S) 1

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.


DEAL STATS #
Overall 3 of 30
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 13
State: Quebec M&A 2 of 14
Country: Canada M&A 2 of 19
Year: 2013 M&A 2 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 Host.net

Richardson, Texas, United States

Host.net is a multinational provider of managed infrastructure services focusing on colocation, cloud computing and storage, along with network transport and transit for enterprise organizations. The company operates multiple enterprise-class data centers connected to an extensive fiber-optic backbone delivering Internet, Host.net was founded in 2001 and is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-30 iWeb

Montreal, Quebec, Canada

iWeb is a provider of Internet hosting solutions and IT infrastructure, with its shared web hosting as well as its dedicated servers and co-location services. iWeb was formed in 1996 and is based in Montreal, Quebec.

Sell $145M