Ametek Acquires Technical Manufacturing Corp.
January 4, 2012
BERWYN, PA-Ametek Inc. has acquired Technical Manufacturing Corporation (TMC), a global high-performance vibration isolation systems and optical test benches company, whose products are used to isolate highly sensitive instruments for the microelectronics, life sciences, photonics and ultra-precision manufacturing industries. The privately held manufacturer, headquartered in Peabody, MA, has estimated annual sales of approximately $30 million.
"TMC is a great addition to our Electronic Instruments Group (EIG) and an excellent fit with our high-end analytical instruments businesses, including our ultra precision technologies and materials analysis divisions,” notes Ametek Chairman and Chief Executive Officer Frank S. Hermance. “It further broadens our product offerings and expertise in ultra precision manufacturing.”
TMC joins AMETEK as part of the ultra precision technologies division of Ametek EIG. Ultra Precision Technologies is a pioneer in the development of ultra precision measurement instruments and a global leader in ultra precise machine tools and manufacturing systems for the semiconductor, photovoltaic, nanotechnology, military, defense and ophthalmic lens markets.
Ametek EIG sells its instruments to the process and analytical, aerospace, power and industrial markets worldwide and had 2010 sales of $1.3 billion.