AMETEK, Inc. recently announced the acquisition of Precitech, a manufacturer of ultra-precision machining systems for a variety of markets, including nanotechnology, military, defense and ophthalmic. Acquired for approximately $13 million in cash, Precitech has annual sales of around $19 million.
"We're very pleased with our acquisition of Precitech," said AMETEK Chairman and Chief Executive Officer Frank S. Hermance. "This is a highly differentiated business, focusing on the most complex and critical machining requirements of its customers. It makes an outstanding addition to our high-end analytical instruments platform and is an excellent fit with our Taylor Hobson business."
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