AMETEK Acquires Navitar, RTDS Technologies
Nov 2, 2022, 03:00 AM
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AMETEK has added to its photonics portfolio through its acquisition of Navitar Inc., the Rochester, N.Y.-based provider of advanced optical components and solutions for high-precision applications. Navitar’s optical solutions serve critical applications in medical and life sciences, machine vision and robotics, industrial automation, and other end markets.
AMETEK also acquired RTDS Technologies Inc., a provider of real-time power simulation systems that is based in Winnipeg, Manitoba, Canada.
The combined acquisition price for both companies was $430 million. With the companies, AMETEK acquires approximately $100 million in annual sales. Both acquired companies join AMETEK as part of its electronic instruments group. The...