AMETEK Announces Agreement to Acquire Abaco Systems
On March 22, 2021 AMETEK, Inc. announced that it has entered into a definitive agreement to acquire Abaco Systems, Inc., a leading provider of mission critical embedded computing systems, from Veritas Capital in an all-cash transaction valued at $1.35 billion. The transaction is subject to customary closing conditions including applicable regulatory approvals and is expected to close mid-2021.
Upon closing, Abaco Systems will join AMETEK as part of its Electronic Instruments Group (EIG) – a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of $3.0 billion.
With annual sales of approximately $325 million, Abaco Systems is a market leader within the embedded computing solutions market. Abaco is also ideally positioned across a number of attractive aerospace and defense platforms that can broaden Ametek’s offerings in aerospace and defense applications.
How will this acquisition impact your supply chain?
Mergers and Acquisitions are inevitable, SiliconExpert has the solutions to help you navigate the impact of these acquisitions. Contact us for a custom analysis of this M&A.
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By Mostafa Mansour
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