AMETEK, Inc. acquired Nearfield Systems Inc. for approximately $230 million.
May 03, 2021
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AMETEK, Inc. (NYSE:AME) acquired Nearfield Systems Inc. for approximately $230 million in April 2021. The consideration was paid in cash. Post completion, Nearfield Systems will join AMETEK as part of its Electronic Instruments Group. NSI-MI had annual sales of $90 million for the year 2020. KippsDeSanto & Co. acted as financial advisor to Nearfield Systems Inc. Troutman Pepper Hamilton Sanders LLP acted as legal advisor to AMETEK, Inc.
AMETEK, Inc. (NYSE:AME) completed the acquisition of Nearfield Systems Inc. in April 2021.
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. 
