AMETEK Acquires NSI-MI Technologies

Rhea-AI Summary

AMETEK, Inc. (NYSE: AME) has acquired NSI-MI Technologies for $230 million, a strategic move aimed at enhancing its capabilities in radio frequency and microwave testing. NSI-MI, which generates approximately $90 million in annual sales, brings a diverse portfolio of testing solutions for various sectors, including aerospace and defense. This acquisition complements AMETEK's existing electromagnetic compatibility test and measurement businesses, reinforcing its position in critical applications like wireless communications and autonomous vehicles.

Positive

• Acquisition of NSI-MI enhances AMETEK's test and measurement capabilities.
• NSI-MI's annual sales of approximately $90 million expected to boost AMETEK's revenue.
• The acquisition complements existing businesses in electromagnetic compatibility.

Negative

• None.

BERWYN, Pa., May 4, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has acquired NSI-MI Technologies, a leading provider of radio frequency and microwave test and measurement solutions and services. NSI-MI was acquired for $230 million and has annual sales of approximately $90 million.

NSI-MI's expertise in advanced radio frequency and microwave technologies allows them to provide complete test and measurement systems for niche applications across the aerospace, defense, automotive, wireless communications, and research markets. The company has a diverse portfolio of testing instrumentation, components and software, while also providing customers with turnkey anechoic and simulation chambers, and a broad set of aftermarket services.

"We are pleased to welcome NSI-MI to AMETEK," comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. "NSI-MI is an outstanding acquisition and nicely complements our existing Electromagnetic Compatibility test and measurement businesses. NSI-MI's test and measurement solutions are uniquely positioned to support the continued development of advanced RF and microwave technologies for critical applications in wireless communications, satellite systems, autonomous vehicles, and defense systems."

NSI-MI is headquartered in Suwanee, Georgia with additional operations in Torrance, California and Sheffield, U.K. NSI-MI joins AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.

Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales in 2020 of more than $4.5 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:
AMETEK, Inc.
Kevin Coleman
Vice President, Investor Relations
1100 Cassatt Road
Berwyn, Pennsylvania 19312
kevin.coleman@ametek.com
Phone: 610.889.5247

 

View original content:http://www.prnewswire.com/news-releases/ametek-acquires-nsi-mi-technologies-301282598.html

SOURCE AMETEK, Inc.

FAQ

What is the acquisition value of NSI-MI Technologies by AMETEK?

AMETEK acquired NSI-MI Technologies for $230 million.

How much annual sales does NSI-MI Technologies generate?

NSI-MI Technologies has annual sales of approximately $90 million.

What strategic benefits does AMETEK expect from acquiring NSI-MI?

The acquisition is expected to enhance AMETEK's capabilities in testing solutions for critical applications like wireless communications and defense systems.

When was the acquisition of NSI-MI Technologies announced?

The acquisition was announced on May 4, 2021.

Where is NSI-MI Technologies headquartered?

NSI-MI Technologies is headquartered in Suwanee, Georgia.