AMETEK acquires Zygo Corporation

AMETEK, Inc., a global manufacturer of electronic instruments and electromechanical devices, has announced the acquisition of non-contact optical metrology company Zygo Corporation for $19.25 per share in cash per fully diluted common share, or approximately $280 million net of cash acquired.

Jun 20th, 2014
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AMETEK, Inc., a global manufacturer of electronic instruments and electromechanical devices, has announced the acquisition of non-contact optical metrology company Zygo Corporation for $19.25 per share in cash per fully diluted common share, or approximately $280 million net of cash acquired.

Zygo Corporation will join AMETEK as part of its Ultra Precision Technologies Division within AMETEK’s Electronic Instruments Group. Zygo provides optical metrology solutions, optics, and optical assemblies for use in a wide range of scientific, industrial, and medical applications. It’s most recently developed product is the NewView 8000 3D optical profiler system, which is designed for fast, non-contact measurements and features a range of profile heights from <1 nm up to 20,000 µm.

"We are pleased to announce the closing of this highly strategic transaction and are excited to welcome the Zygo team to AMETEK," said Frank S. Hermance, AMETEK Chairman and CEO in a press release. "Zygo’s leading position in non-contact optical metrology nicely complements our strength in contact metrology and will enable us to offer our customers a full range of metrology solutions."

Last year, AMETEK also acquiredCreaform, Inc., a developer and manufacturer of portable 3D measurement technologies and a provider of 3D engineering services, for approximately $120 million. Creaform 3D scanners are used to create 3D models and measurements for various applications. The company’s product line includes a number of families of 3D scanners, portable coordinate measuring machines, and additional accessories which are used in reverse engineering, dimension inspection, precision manufacturing, non-destructive testing, automated quality control, and 3D printing.

View the press release.

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