AMETEK Acquires NSI-MI Technologies
05/04/2021 - 06:56 AM
BERWYN, Pa. , May 4, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has acquired NSI-MI Technologies, a leading provider of radio frequency and microwave test and measurement solutions and services. NSI-MI was acquired for $230 million and has annual sales of approximately $90 million .
NSI-MI's expertise in advanced radio frequency and microwave technologies allows them to provide complete test and measurement systems for niche applications across the aerospace, defense, automotive, wireless communications, and research markets. The company has a diverse portfolio of testing instrumentation, components and software, while also providing customers with turnkey anechoic and simulation chambers, and a broad set of aftermarket services.
"We are pleased to welcome NSI-MI to AMETEK," comments David A. Zapico , AMETEK Chairman and Chief Executive Officer. "NSI-MI is an outstanding acquisition and nicely complements our existing Electromagnetic Compatibility test and measurement businesses. NSI-MI's test and measurement solutions are uniquely positioned to support the continued development of advanced RF and microwave technologies for critical applications in wireless communications, satellite systems, autonomous vehicles, and defense systems."
NSI-MI is headquartered in Suwanee, Georgia with additional operations in Torrance, California and Sheffield, U.K. NSI-MI joins AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.
Corporate Profile AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales in 2020 of more than $4.5 billion . The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, 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. The common stock of AMETEK is a component of the S&P 500.
Contact: AMETEK, Inc.Kevin Coleman Vice President, Investor Relations 1100 Cassatt RoadBerwyn, Pennsylvania 19312kevin.coleman@ametek.com Phone: 610.889.5247
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SOURCE AMETEK, Inc.
AME Rankings
#1452 Ranked by Stock Gains
AME Stock Data
Industry
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Sector
Manufacturing
Tags
Producer Manufacturing, Miscellaneous Manufacturing, Electrical Products, Manufacturing, Motor and Generator Manufacturing
Country
US
City
Berwyn
About AME
ametek is a global leader in electronic instruments and electromechanical devices with annual sales of $4.0b. we have approximately 15,000 colleagues at over 120 manufacturing locations with 100 sales and service locations in more than 30 other countries. ametek has a track record of exceptional financial and market success, and our vision is to double the size and profitability of the company within the next five years. ametek's corporate growth plan is based on four key strategies: operational excellence strategic acquisitions & alliances global & market expansion new products ametek colleagues worldwide are committed to our success. through their hard work and dedication, we will achieve our vision for ametek. for more information on ametek career opportunities, visit our web page below.