BERWYN, PA — AMETEK (NYSE: AME) agreed to acquire a portfolio of instrumentation businesses from Indicor, LLC in a roughly $5 billion all-cash transaction, expanding the industrial technology manufacturer’s position in scientific and industrial markets while adding about $1.1 billion in annual revenue.
The businesses, referred to collectively as Indicor Instrumentation, manufacture instrumentation and measurement products used in industrial and scientific applications and generate recurring revenue from consumables, services and aftermarket support, AMETEK announced.
The acquisition ranks among the largest in AMETEK’s history and will be integrated into the company’s Electronic Instruments Group and Electromechanical Group following the close of the transaction.
“Indicor is an exceptional fit for AMETEK,” David A. Zapico, AMETEK’s chairman and chief executive officer, said in a statement. “In a single transaction, we are adding a high-quality group of businesses with differentiated technologies, complementary market positions, and attractive growth prospects.”
Zapico added that the company sees “meaningful potential to create value through integration into AMETEK’s operating model.”
AMETEK stated that Indicor Instrumentation’s profitability margins are consistent with its existing operations. The company plans to finance the acquisition through borrowings under its current credit facility and through new debt issuance.
The transaction remains subject to regulatory approvals and other customary closing conditions and is expected to close in the second half of 2026.
AMETEK, founded in 1930, reported annual sales of approximately $7.5 billion and is a component of the S&P 500.
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