Home » Ametek Acquires Micro-Poise Measurement Systems
Ametek Acquires Micro-Poise Measurement Systems
Ametek has acquired Micro-Poise Measurement Systems, a leading provider of integrated test and measurement solutions for the tire industry, from American Industrial Partners, a private equity firm, for approximately $170 million in cash.
Micro-Poise is headquartered in Streetsboro, OH, and has additional manufacturing operations in Troy, MI; Beijing, China; and Lübeck, Germany. It has estimated 2012 sales of approximately $125 million.
According to Frank S. Hermance, Ametek's Chairman and Chief Executive Officer, the acquisition broadens Ametek's position in the materials test and measurement equipment market.
"Driving market growth in both developed and emerging markets is the need for more sophisticated test and measurement techniques due to the increased variety and complexity of tire designs, the globalization of tire manufacturing capacity and more stringent quality requirements," said Hermance.
Acquiring Micro-Poise gives Ametek a strategic advantage because Micro-Poise has a large installed equipment base at many of the world's leading tire manufacturers and it is the only industry supplier of all key test and measurement techniques with products that offer best-in-class accuracy, repeatability and cycle times.
Micro-Poise joins Ametek as part of its Electronic Instruments Group (EIG).
- 05/17/2013 Friday p.m. Wrap-Up:This Week on ControlGlobal and Elsewhere
- 05/16/2013 What's Bad Weather Costing Us?
- 05/16/2013 BP, Shell, Statoil Raided by EC
Invensys' SimSci Suite 2013 Now with More Usability Features
Invensys releases SimSci Suite 2013, a DVD catalogue providing a single source for all of Invensys' current SimSci-Esscor design, operator training, simulation and optimization software
Honeywell Integrates and Certifies FMC722 Subsea Automation Protocol
The integration and certification of these solutions will boost the productivity of oil and gas field operators and engineers
- 05/15/2013 What we can learn about safety from the Titanic hearings
- 05/15/2013 Monsanto Muscatine named 2012 HART Plant of the Year
- 05/14/2013 Siemens gas chromatograph is ISA Product of the Year
- 05/14/2013 IChemE issues call for papers for fall conference
- 05/10/2013 CEO Hogan to leave ABB for private reasons
- All news »
Access the entire print issue on-line and be notified each month via e-mail when your new issue is ready for you. Subscribe today.
- Featured White Papers