Spectro Scientific acquired by AMETEK
Spectro Scientific has been purchased by AMETEK, Inc. Spectro has annual sales of approximately $50 million and was acquired for approximately $190 million. Spectro was a privately held company and is headquartered in Chelmsford, Massachusetts. It joins AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of $3.0 billion.
Spectro Scientific president and CEO Brian Mitchell said, “Our mission over the last several years has been to focus on new technology development; strategic company and product acquisitions; and the continual improvement of Spectro products, providing our customers with the most advanced, precise and convenient fluid analysis tools possible. To accomplish that, the dedication of our employees and global partners has been nothing short of astounding. Our customers can be assured that the legacy of support and innovation will continue.”
David A. Zapico, AMETEK Chairman and Chief Executive Officer said, “Spectro is an excellent acquisition for AMETEK. Their differentiated solutions serve an increasing need for predictive maintenance in a broad and growing set of end markets, including military and defense, process industrial, power generation and transportation. Spectro’s solution offering nicely complements our strategy to integrate instrumentation data into cloud-based software and analytics.”
Organizations
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
Sika AG: Still growing strong

Copper oxide photocathodes: laser experiment reveals location of efficiency loss
Turkey: Rising demand for oil and gas will fuel automation and control systems

Squeezing low-cost electricity from sustainable biomaterial
Novasep Process SFC systems wins Bronze 2005 CPhI Innovation Award
ACC anounces finalists for the 2009 Polyurethane Innovation Awards
Category:Biofuel_power_stations_by_country

Reutter GmbH - Leutenbach Nellmersbach, Germany
Category:Biofuel_power_stations_in_the_United_States
BASF to expand its plant biotechnology research into fungal resistance in corn

AVT GmbH Becomes Part of the Busch Group - “In AVT GmbH we are winning a competent partner for the heat treatment equipment service business”
