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"Xantrex Programmable Power is an excellent acquisition for Ametek. It enjoys a strong reputation within the power industry and its products complement those offered by Ametek Power Instruments," notes Frank S. Hermance, Ametek chairman and chief executive officer.
"Xantrex Programmable Power significantly expands our position in the niche market for programmable power sources and provides us with further opportunities for growth in the highly attractive electronic test and measurement equipment market," adds Mr. Hermance.