AMETEK Acquires Motec GmbH

Motec GmbH
Photo source
www.ametek.com
Leading Provider of Vision Systems for Mobile Machine Vison Market.

AMETEK, Inc. announced that it has completed the acquisition of Motec GmbH, a leading provider of integrated vision systems serving the high growth mobile machine vision market. 

Motec’s ruggedized vision products and integrated software solutions provide customers with improved operational efficiency and enhanced safety across a variety of critical mobile machine applications in transportation, agriculture, logistics and construction. 

“Motec is an excellent acquisition. It has market leading positions across a number of high growth market applications and its vision systems nicely complement our existing instrumentation businesses by expanding our portfolio of solutions to our customers,” comments David A. Zapico, AMETEK Chairman and Chief Executive Officer.

Motec was a privately held company and is headquartered in Hadamar-Steinbach, Germany. The company has annual sales of approximately €30 million and joins AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of $2.9 billion.

600450 AMETEK Acquires Motec GmbH glassonweb.com

See more news about:

Others also read

Indoor-Outdoor Living Spaces Inspired by Designer Becki Owens Showcase the Versatility of Big Doors.
Game-changing window screen recognized for clever function, sophisticated style and cutting-edge technology.
Today’s Outdoor Living Spaces Provide Comfort and Opportunity to Connect.
The four conferences of The smarter E Europe, the innovation hub for empowering new energy solutions, offer an insight into the energy future as well as information about current technological trends and business models.
J.E. Berkowitz (JEB) announced the completion of McCormick & Company’s new global headquarters in Hunt Valley, Maryland.
PGT Innovations returns to the NAHB International Builders Show (IBS) in Las Vegas on February 19–21, 2019, to showcase its Eze-Breeze and Western Window Systems brands.

From industry

10924 Granite Street, Suite 200
Charlotte, NC 28273
United States

Am Pfahlgraben 4
35415 Pohlheim
Germany

10301 North Enterprise Drive
Mequon, WI 53092
United States

Add new comment