Ametek buys Taylor Hobson Holdings
To expand its high-end analytical instrument platform, Ametek Inc. reports that it has acquired Taylor Hobson Holdings Ltd. (Leicester, U.K.) for approximately £51 million. Taylor Hobson is joining Ametek's Electronic Instruments Group (EIG), which produces advanced monitoring, testing, calibrating, and display instruments.
To expand its high-end analytical instrument platform, Ametek Inc. reports that it has acquired Taylor Hobson Holdings Ltd. (Leicester, U.K.) for approximatelymillion.
Frank Hermance, Ametek’s chairman and CEO, says acquiring Taylor Hobson significantly expands its measurement capabilities into ultra-precision applications, and is an excellent fit with Ametek’s strategic focus of adding more high-end analytical instrument businesses. “With this acquisition, our high-end analytical businesses now total more than $250 million in annual revenue,” he says.
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