Ametek completes Dunkermotoren acquisition for $320 million
Ametek Inc. (NYSE: AME) announced on May 21 that it completed the previously announced acquisition of the parent company of Dunkermotoren GmbH, manufacturer of advanced motion control solutions for a wide range of industrial automation applications. The privately held manufacturer has expected 2012 sales of approximately €155 million ($200 million) and is headquartered in Bonndorf, Germany. Ametek acquired the business from Triton, a European private equity firm for approximately €250 million ($320 million), net of cash received.
The acquisition of Dunkermotoren is expected to be immediately accretive, adding approximately $0.02 per diluted share to 2012 earnings and approximately $0.10 per diluted share to earnings in 2013.
“We are excited about the acquisition of such an outstanding company,” said Frank S. Hermance, Ametek chairman and chief executive officer. “Dunkermotoren is a global leader in highly engineered advanced motion control solutions for niche applications. It is an excellent strategic and highly complementary fit with our Precision Motion Control business. It expands our leadership position in niche rotary and linear motion applications. In addition, it broadens our manufacturing capabilities in both Europe and China, and greatly expands our presence in key industrial end markets.”
Dunkermotoren is a leader in advanced motion control solutions for a wide range of industrial automation applications, including factory equipment, office machines, medical devices, and laboratory equipment. In addition to its facility in Bonndorf, Germany, Dunkermotoren has manufacturing operations in China and Serbia.
The business joins Ametek as part of Ametek Precision Motion Control, a division of Ametek’s Electromechanical Group (EMG). Ametek EMG, which had 2011 sales of $1.3 billion, which offers technical motors and associated systems, electrical interconnects, and specialty metals.
Ametek Inc., Berwyn, PA, is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.3 billion. Ametek said its corporate growth Plan is based on operational excellence, strategic acquisitions and alliances, global and market expansion and New Products. Ametek said its objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of Ametek is a component of the S&P MidCap 400 and the Russell 1000 Indices.
– Edited by Mark T. Hoske, content manager CFE Media, Control Engineering, and Plant Engineering. Hoske can be reached at firstname.lastname@example.org.