AMETEK Acquires CAMECA SAS.--Acquisition Adds to AMETEK's High-End Elemental Analysis Capabilities-- PAOLI, Pa. -- AMETEK, Inc. (NYSE NYSE See: New York Stock Exchange :AME See AIT. ) announced that it has acquired CAMECA SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. , a manufacturer of high-end elemental analysis systems used in advanced laboratory research, semiconductor and nanotechnology applications. CAMECA, based in Paris, France, was purchased from an investment group led by the Carlyle Group for approximately EU82 million ($112 million). CAMECA has estimated annual sales of EU 60 million ($82 million). "CAMECA is an excellent acquisition that significantly broadens our technical capabilities in differentiated, high-end analytical instrumentation. Its global customer base includes many of the world's leading semiconductor manufacturers and academic, government, and industrial research facilities engaged in nano-science and other materials science research," states Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "CAMECA holds a leading position in each of its markets. Their products include secondary ion mass spectrometry You can assist by [ editing it] now. (SIMS), low-energy X-ray emission spectrometry (LEXES), tomographic atom probe (TAP), and electron probe microanalysis microanalysis /mi·cro·anal·y·sis/ (-ah-nal´i-sis) the chemical analysis of minute quantities of material. microanalysis the chemical analysis of minute quantities of material. (EPMA EPMA Electron Probe Microanalysis EPMA European Powder Metallurgy Association EPMA Electron Probe Micro Analyzer EPMA El Paso Museum of Art (El Paso, Texas) EPMA Electronic Prescribing and Medicines Administration ) instrumentation," adds Mr. Hermance. "CAMECA complements the products and technology offered by our SPECTRO and EDAX EDAX Energy Dispersive Spectroscopy businesses. Those businesses provide a wide range of technology, including optical emission and X-ray fluorescence spectrometers for microanalysis measurement solutions for the metals, environmental, R&D, petrochemical, pharmaceutical, electronics and forensic science The application of scientific knowledge and methodology to legal problems and criminal investigations. Sometimes called simply forensics, forensic science encompasses many different fields of science, including anthropology, biology, chemistry, engineering, genetics, markets," he notes. CAMECA joins AMETEK's Electronic Instruments Group--a global leader in advanced instruments for the process, aerospace, power and industrial markets with 2006 sales of more than $1 billion. Corporate Profile AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2006 sales of $1.8 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 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 Index and the Russell 1000 Index The Russell 1000 Index is a stock market index of US stocks. The ticker is "RUI" or similar. See Russell Indexes page for main discussion. See also the iShares Russell 1000. External links
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 our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; our 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 Securities and Exchange Commission, including its most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements. |
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