Ametek Drops $128M On Power Management Systems Maker

Law360, New York (December 4, 2013, 7:19 PM EST) -- Pennsylvania-based electronic instruments manufacturer Ametek Inc., whose products are used by industrial and aerospace companies, announced Wednesday that it has acquired a privately held power management systems manufacturer for approximately $128 million, giving it a boost in the medical and life sciences sectors.

The acquisition of Waukegan, Ill.-based Powervar is expected to bolster the power systems segment of Ametek’s electronic instruments and electromechanical business, which generates approximately $3.5 billion in annual sales, and gives it a leg up in medical and life sciences sectors, the company...
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