AMETEK, Inc. acquired Magnetrol International, Incorporated and Crank Software Inc.
March 28, 2021
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AMETEK, Inc. (NYSE:AME) acquired Magnetrol International, Incorporated and Crank Software Inc. on March 29, 2021. Magnetrol and Crank Software join AMETEK as part of its Electronic Instruments Group. AMETEK acquired Magnetrol International, Crank Software and EGS Automation for combined deal value of approximately $270 million and which have combined annual sales of approximately $120 million. Deborah L Spranger of Troutman Pepper Hamilton Sanders LLP acted as legal advisor to AMETEK, Inc. Houlihan Lokey, Inc. (NYSE:HLI) acted as exclusive financial advisor to Magnetrol International, Incorporated/Crank Software Inc.
AMETEK, Inc. (NYSE:AME) completed the acquisition of Magnetrol International, Incorporated and Crank Software Inc. on March 29, 2021. Jonathan Picard of Squire Patton Boggs (UK) LLP acted as legal advisor to Magnetrol International and Crank Software.
AMETEK, Inc. is one of the world's leaders in manufacturing and marketing electronic instruments and electromechanical devices. Net sales break down by family of products as follows:
- electronic instruments (70.1%): instruments and screens for aircrafts cockpits, airborne electronic systems of data surveillance and registering, pressure, temperature and flow sensors for airline companies and aeronautical manufacturers, analysis devices for the medical and research sectors, measurement and surveillance instruments used in the processing industries, instruments and dashboards for heavy trucks and agricultural vehicles, etc.;
- electromechanical devices (29.9%): brushless motors, heat exchangers, connectors, terminals, thermal management subsystems, motors-blowers, etc. primarily for the aeronautic, automotive, medical, computing and defense sectors. The group also provides metal powders and alloys for the manufacturing of electronic components and automotive and aeronautic products.
At the end of 2023, the group had more than 150 production sites worldwide.
Net sales are distributed geographically as follows: United States (52.6%), Asia (20.9%), United Kingdom (3.3%), European Union (14.3%) and others (8.9%).
AMETEK, INC. 
