1/11/2008: Ametek Acquires California Instruments
January 11, 2008
Paoli, PA-Ametek Inc., manufacturer of electronic instruments and electromechanical devices, has acquired privately held San Diego-based California Instruments Corp., manufacturer of programmable AC power sources used to test electrical and electronics products.
“California Instruments is a leader in the niche market for programmable AC power sources with an especially strong position in the high-power segment of the market and a solid roster of long-standing blue-chip customers,” notes Frank S. Hermance, Ametek chairman and chief executive officer.
“This acquisition broadens the scope of our power instruments business, which produces power quality monitoring and metering instrumentation, and further expands our presence in the attractive electronic test and measurement equipment market,” adds Mr. Hermance.