Business is a Global Leader in High-Performance Vibration Isolation Systems
Berwyn, PA, -- AMETEK, Inc. (NYSE: AME) today announced that it
has acquired Technical Manufacturing Corporation (TMC), a world leader in highperformance
vibration isolation systems and optical test benches used to isolate highly
sensitive instruments for the microelectronics, life sciences, photonics and ultraprecision
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. It further broadens our product offerings
and expertise in ultra precision manufacturing. TMC has more than 40 years
experience in the design and manufacture of high-end vibration isolation equipment and
holds a leading market share in that sector of the market,” notes Frank S. Hermance,
AMETEK Chairman and Chief Executive Officer.
“Many high-end analytical instruments, such as scanning electron microscopes and
ultra precision machine tools, require a high-level of vibration isolation. TMC serves the
leading manufacturers of life sciences, photonics and semiconductor equipment with a
broad range of custom active piezoelectric vibration cancellation systems, based on
their patented active piezo technology. They also supply passive vibration cancellation
systems, optical test tables, acoustic isolation hoods and magnetic isolation hoods,”
adds Mr. Hermance.
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
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical
devices with annualized sales of $3.0 billion. AMETEK’s Corporate Growth
Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions &
Alliances, Global & Market Expansion and New Products. AMETEK’s objective is doubledigit
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.
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AMETEK ACQUIRES TECHNICAL MANUFACTURING CORPORATION
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Forward-looking Information
Statements in this news release relating to future events, such as AMETEK’s expected
business and financial performance are "forward-looking statements." Forward-looking
statements are subject to various factors and uncertainties that may cause actual
results to differ significantly from expectations. These factors and uncertainties include
AMETEK’s ability to consummate and successfully integrate future acquisitions; risks
associated with international sales and operations; AMETEK’s ability to successfully
develop new products, open new facilities or transfer product lines; the price and
availability of raw materials; compliance with government regulations, including
environmental regulations; changes in the competitive environment or the effects of
competition in our markets; the ability to maintain adequate liquidity and financing
sources; and general economic conditions affecting the industries we serve. A detailed
discussion of these and other factors that may affect our future results is contained in
AMETEK’s filings with the U.S. Securities and Exchange Commission, including its most
recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or
obligation to update or revise any forward-looking statements.