AMETEK Acquires Spectro Scientific
Spectro Scientific (Chelmsford, MA), one of the world’s largest suppliers of fluid analysis instrumentation and software, has been purchased by AMETEK, Inc. (Berwyn, PA). Spectro has annual sales of approximately $50 million and was acquired for approximately $190 million. They were a privately held company and have joined AMETEK as part of their Electronic Instruments Group (EIG), a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of $3 billion.
“Our mission over the last several years has been to focus on new technology development, strategic company and product acquisitions, and the continual improvement of our products, providing our customers with the most advanced, precise and convenient fluid analysis tools possible,” stated Brian Mitchell, the president and chief executive officer of Spectro Scientific. “To accomplish that, the dedication of our employees and global partners has been nothing short of astounding. Our customers can be assured that the legacy of support and innovation will continue.”
“They are an excellent acquisition for us,” commented David A. Zapico, the chairman and chief executive officer of AMETEK. “Their differentiated systems serve an increasing need for predictive maintenance in a broad and growing set of end markets, including military and defense, process industrial, power generation and transportation. Their offerings nicely complement our strategy to integrate instrumentation data into cloud-based software and analytics.”
