Printer Friendly

AMETEK to acquire Solarton Companies.

Paoli, PA 8/25/05; Huntingdon, UK 8/25/05 -- AMETEK has agreed to acquire the Solartron Group from Roxboro Group for approximately 42 million [pounds sterling] ($75 million) in cash. Solarton has annual sales of 27 million [pounds sterling] ($50 million) and is comprised of three companies: Solartron Analytical makes analytic measurement instruments and software for the characterization of materials that are used for electrochemistry, corrosion analysis and advanced materials analysis; Solartron Metrology manufactures digital and analog gauging probes, displacement transducers and associated instrumentation used primarily to measure the size and form of machined or fabricated parts; Solartron ISA designs and manufactures flow measurement devices for the oil and gas industry. "Solartron is composed of an excellent set of differentiated, niche-focused businesses that fit nicely with several of our current process and analytical instrument businesses," said AMETEK Chairman and CEO Frank S. Hermance. Solartron will join AMETEK's Electronic Instruments Group. AMETEK stated that Solartron Analytical fits with its Princeton Applied Research unit (see IBO 1/15/02), Solartron Metrology complements its Taylor Hobson unit (see IBO 6/30/04), and Solartron ISA adds to its oil and gas instrument business.

The Solartron Group's senior management will stay with the company, including director Allan Imrie. In 2004, the Solartron Group, excluding Solartron Analytical, posted sales of 16.5 million [pounds sterling] ($30.5 million), a gross profit of 6.8 million [pounds sterling] ($12.6 million) and an operating profit of 3.1 million [pounds sterling] ($5.7 million). Solartron Analytical had been a product line of Roxboro's Mobrey Companies, makers of process measurement and control equipment, which was sold to Emerson in July for 26.0 million [pounds sterling] ($48.1 million). In 2004, Solartron Analytical recorded 8.5 million [pounds sterling] ($15.7 million) in sales and a gross profit of 3.7 million ($6.9 million).
COPYRIGHT 2005 Strategic Directions International Inc. (SDI)
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Executive Briefing: News, Trends & Market Intelligence for Instrument Executives
Publication:Instrument Business Outlook
Geographic Code:4EUUK
Date:Aug 31, 2005
Words:309
Previous Article:Dionex buys Teledyne Isco's monolithic LC business.
Next Article:Bruker AXS acquires XRF Software Company.
Topics:


Related Articles
Inficon acquires Sentex Systems.
AMETEK acquires Chandler Instruments.
Waters acquires NuGenesis Technologies.
Agilent acquires software maker.
AMETEK acquires SPECTRO Analytical.
Agilent acquires atomic force microscopy company.
Bio-Rad acquires Ciphergen's instrument business.
JPK Instruments acquires lpi lightpower instruments.
Zeiss acquires clinical microscopy business.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters