AMETEK Acquires Alphasense

Rhea-AI Summary

AMETEK announced the acquisition of Alphasense, a UK-based provider of gas and particulate sensors, for approximately £25 million. This acquisition expands AMETEK's presence in the environmental health and safety market, which is considered attractive for future growth. Alphasense, with annual sales of £25 million, will join AMETEK's Electronic Instruments Group. AMETEK has annual sales of $5.5 billion and aims for double-digit earnings growth through strategic acquisitions and market expansion.

Positive

• Acquisition of Alphasense expands AMETEK's offering in the environmental health and safety market.
• Alphasense's annual sales of £25 million contribute to AMETEK's growth strategy.
• Strengthens AMETEK's position within its Electronic Instruments Group.

Negative

• None.

BERWYN, Pa., Dec. 1, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the acquisition of Alphasense, a leading provider of gas and particulate sensors for use in environmental, health and safety, and air quality applications.

Alphasense designs and manufactures a broad range of technologically advanced gas detection sensors used in fixed and portable detection systems. Alphasense sensors provide critical measurements of oxygen concentration, harmful toxic gases, and volatile organic compounds across a wide range of industrial, commercial, and environmental applications.

"We are excited to welcome Alphasense to AMETEK," comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Alphasense is an excellent acquisition for AMETEK and a highly complementary fit with our existing sensor businesses expanding our presence in the attractive environmental health and safety market."

Alphasense is headquartered in Great Notley, Essex, UK. Alphasense has annual sales of approximately £25 million. Alphasense joins AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, test and measurement instrumentation.

Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of $5.5 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. The common stock of AMETEK is a component of the S&P 500.

Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610-889-5247

View original content:https://www.prnewswire.com/news-releases/ametek-acquires-alphasense-301434553.html

SOURCE AMETEK, Inc.

FAQ

What is the significance of AMETEK acquiring Alphasense?

The acquisition enhances AMETEK's capabilities in the environmental health and safety sectors, potentially driving future growth.

How much did AMETEK pay for Alphasense?

AMETEK acquired Alphasense for approximately £25 million.

What market does Alphasense operate in?

Alphasense operates in the gas and particulate sensors market, specifically for environmental, health and safety, and air quality applications.

What are AMETEK's annual sales figures?

AMETEK has annual sales of approximately $5.5 billion.

How does the acquisition fit into AMETEK's growth strategy?

The acquisition aligns with AMETEK's focus on strategic acquisitions aimed at achieving double-digit growth in earnings per share.