Buy Us a Cup of Coffee

Chester County-based AMETEK to Acquire Gatan from Roper Technologies, Transaction Valued at $925 Million

Chester County-based AMETEK to Acquire Gatan from Roper Technologies, Transaction Valued at $925 Million

BERWYN, PA — On Friday, AMETEK, Inc. (NYSE: AME) announced that it signed a definitive agreement to acquire Gatan, a leading manufacturer of instrumentation and software used to enhance and extend the operation and performance of electron microscopes, from Roper Technologies, Inc. (NYSE: ROP) in an all-cash transaction valued at $925 million.

Gatan is a pioneer in direct detection technology for electron microscopy, supporting high-end research to solve some of the world’s most complex challenges in materials and life sciences. The Company’s solutions enable improved microscopy workflows in specimen preparation, imaging and analysis. Gatan’s product portfolio includes electron microscopy cameras and instrumentation, electron energy filters, software and accessories.

“We are very excited to welcome Gatan to AMETEK,” comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Gatan is an outstanding company and nicely complements our existing portfolio of specialized offerings in high-end analytical instrumentation. Their differentiated technology solutions, premier brand and leadership positions in attractive growth markets make this a highly attractive acquisition for AMETEK.”

READ:  Vishay Intertechnology Lowers TCR for TNPU e3 Series Ultra Precision Thin Film Flat Chip Resistors in 0603, 0805, and 1206 Case Sizes

“AMETEK is an ideal home for Gatan to continue its revolutionary work enabling electron microscopy technology,” said Neil Hunn, Roper’s President and CEO. “The combination of these businesses will be a great fit for Gatan’s talented employees and loyal customers. We would like to thank everyone at Gatan for their contributions to Roper and wish them continued success.”

Gatan has annual sales of approximately $180 million and is headquartered in Pleasanton, California. The transaction is expected to close in the fourth quarter of 2019 and is subject to customary closing conditions, including applicable regulatory approvals. Upon closing, Gatan will join AMETEK as part of its Electronic Instruments Group (EIG) – a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.

Source: AMETEK, Inc., 1100 Cassatt Road, Berwyn PA 19312

READ:  Annovis Bio Files Patent Application for Method of Inhibiting, Preventing, or Treating Neurological Injuries Due to Viral and Other Infections Including COVID-19

Thanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your support today by clicking here and becoming a patron.

Buy Us a Cup of Coffee