AMETEK Aquires Micro-Poise Measurement Systems
BERWYN, PA– AMETEK Inc. has acquired Micro-Poise Measurement Systems, a provider of integrated test and measurement solutions for the tire industry, from American Industrial Partners, a private equity firm, for approximately $170 million in cash.
Micro-Poise is headquartered in Streetsboro, OH, and has additional manufacturing operations in Troy, MI; Beijing, China; and Lübeck, Germany. It has estimated 2012 sales of approximately $125 million.
“Micro-Poise is a great addition to AMETEK. It has an excellent reputation within the industry and is the clear global leader in this niche, highly differentiated market. This acquisition further broadens our position in the highly attractive materials test and measurement equipment market and makes us a leader in a growing industry segment,” notes Frank S. Hermance, AMETEK Chairman and CEO.
Micro-Poise joins AMETEK as part of AMETEK’s Electronic Instruments Group (EIG) - a recognized leader in advanced monitoring, testing, calibrating and display instruments with 2011 sales of $1.6 billion.