M&A Deal Summary

AMETEK Acquires PennEngineering Motion Technologies

On May 15, 2006, AMETEK acquired engineering company PennEngineering Motion Technologies from PennTool Group for 64M USD

Acquisition Highlights
  • This is AMETEK’s 1st transaction in the Engineering sector.
  • This is AMETEK’s 31st largest (disclosed) transaction.
  • This is AMETEK’s 8th transaction in the United States.
  • This is AMETEK’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2006-05-15
Target PennEngineering Motion Technologies
Sector Engineering
Buyer(s) AMETEK
Sellers(s) PennTool Group
Deal Type Divestiture
Deal Value 64M USD

Target

PennEngineering Motion Technologies

Harleysville, Pennsylvania, United States
PennEngineering Motion Technologies a designer and manufacturer of highly engineered motors for niche applications in the data storage, medical, electronic equipment, factory automation and aviation markets with manufacturing locations in Harleysville, PA, and Offanengo, Italy.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States
Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees21,500
Revenue 6.6B USD (2023)
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 9 of 72
Sector (Engineering) 1 of 2
Type (Divestiture) 4 of 7
State (Pennsylvania) 1 of 4
Country (United States) 8 of 59
Year (2006) 2 of 4
Size (of disclosed) 31 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-16 Pulsar Technologies

Coral Springs, Florida, United States

Pulsar a provider of power line carrier systems for relay communications equipment and fully integrated multiplexer systems for general power and telecommunication applications. This equipment provides communications between power substations for the protective relays on electric power lines to facilitate their operation and provide critical feedback on the faults and functioning of the electric transmission grid.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-15 Land Instruments International

Dronfield, United Kingdom

LAND Instruments International provides design and application of infrared temperature measurement for industry. Land is known as both innovators and manufacturers of high quality precision radiation thermometers and thermometer systems; Land's position is unrivalled with over 60 years experience in temperature measurement. Land products are used extensively in applications as diverse as steel, glass, electronics, mineral processing, power generation, utility and aircraft gas turbines, and a wide range of other industries. Ongoing development creates products for new applications and the continuous improvement of an expanding product range.

Buy -

Seller(S) 1

SELLER

PennTool Group

Westland, Michigan, United States
Category Company
Founded 1942
Sector Manufacturing
Employees1,361
DESCRIPTION

PennTool Group is a provider of engineered fasteners. PEM design and manufacture of precision tooling for heading and screw machine operations. The pennTool Group utilizes this extensive knowledge to bring quality, cost effective tooling and machine part solutions to fastener and component manufacturers across various industries. PennTool Group was founded in 1942 and is based in Westland, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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