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AMETEK, Inc. completes acquisition of Virtek Vision International to enhance 3D scanning and inspection capabilities

PUBLIC · AMEOct 31, 2024

Acquiring Company

AMETEK

Acquired Company

Virtek Vision International

BerwynWaterlooManufacturingManufacturing

Description

AMETEK, Inc. announced the acquisition of Virtek Vision International, a leading provider of advanced laser-based projection and inspection systems. This strategic acquisition will enhance AMETEK's suite of automated 3D scanning and inspection capabilities with advanced software and algorithms, providing a broader range of solutions for their customers.

Quick answer

AMETEK is acquiring Virtek Vision International, announced October 31, 2024. AMETEK is based in Berwyn, Pennsylvania, United States.

How much did AMETEK pay for Virtek Vision International?
The deal value was not disclosed.
What does AMETEK do?
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion.
Where are AMETEK and Virtek Vision International based?
AMETEK is based in Berwyn, Pennsylvania, United States. Virtek Vision International is based in Waterloo, Ontario, Canada.
Who are the decision-makers at AMETEK?
Fundz holds 5 contacts at AMETEK. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

AMETEK

Location

1100 Cassatt Road

Berwyn, Pennsylvania, United States

About

AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500.

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Frequently asked

Who acquired Virtek Vision International?

Virtek Vision International was acquired by AMETEK, based in Berwyn. The deal was reported on October 31, 2024. AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. AMETEK is publicly traded (AME) and operates in Manufacturing.

When did AMETEK acquire Virtek Vision International?

AMETEK's acquisition of Virtek Vision International was reported on October 31, 2024. AMETEK, Inc. announced the acquisition of Virtek Vision International, a leading provider of advanced laser-based projection and inspection systems. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Virtek Vision International do?

Virtek Vision International is a leading provider of advanced laser-based projection and inspection systems. It is privately held, operating in Manufacturing, and is based in Waterloo.

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