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AMETEK, Inc.

Company type	Public
Traded as	NYSE: AME S&P 500 Component
ISIN	US0311001004
Industry	Conglomerate
Founded	1930; 95 years ago (1930) (as American Machine and Metals)
Headquarters	Berwyn, Pennsylvania, U.S.
Area served	Worldwide
Key people	David A. Zapico (Chairman and CEO) William J. Burke (CFO)
Products	Electronic instruments Electromechanical devices
Revenue	US$ 6.15 billion (2022)
Operating income	US$ 1.31 billion (2021)
Net income	US$ 990 million (2021)
Total assets	US$ 11.68 billion (2021)
Total equity	US$ 6.87 billion (2021)
Number of employees	20,000 (2022)
Website	www.ametek.com
Footnotes / references

AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 220 sites worldwide.

The company was founded in 1930. The company's original name, American Machine and Metals, was changed to AMETEK in the early 1960s, reflecting its evolution from a provider of heavy machinery to a manufacturer of analytical instruments, precision components and specialty materials.

AMETEK has been ranked as high as 402 on the Fortune 500. The firm has also consistently been on the Fortune 1000 rankings list as well as the Fortune Global 2000.

The overall strategy for the organization is made up of 4 components: Operational Excellence (cost control), New Product Development, International/Market Expansion, and Acquisitions.

The firm has two operating groups (the Electronic Instruments Group and the Electromechanical Group). Together, these groups and their divisions comprise over 100 brands, including analytical instruments, monitoring, testing and calibration devices as well as electrical motors, pumps and interconnects. The company's headquarters are in Berwyn, Pennsylvania.

AMETEK is listed on the New York Stock Exchange. Its common stock is a component of the S&P 500 index and the Russell 1000 index.

Acquisition history

History prior to 1999 is incomplete.

Divisions

Abaco

Rugged embedded electronics used in various industries.

Aerospace & Defense

Engine and avionics. Other aviation products and components.

Creaform

Creaform manufactures metrology and 3D engineering devices for use in shop-floor environments It is based in Lévis, Quebec, Canada. The company was founded in 2002 by Martin Lamontagne and two co-workers at Modelex. It began with a $200,000 loan from the Business Development Bank of Canada. In 2009, the company sold its 1000th laser scanner, priced from $50 –100,000. Creaform was acquired by Ametek in 2013 for $120 million in cash. At the time, Creaform had annual sales of $52 million. In 2017, Creaform opened a new, $20 million, headquarters in Levis. The 76,000 square foot headquarters is double the size of the old one, allowing Creaform to triple its production.

Heavy Vehicle and OEM

Motors, blowers, pumps, and other parts for heavy trucks and vehicles.

Materials Analysis and Imaging

Includes imaging products used in TV and movie production and tools such as Ion Mass spectrometers, electron Probe Microanalysis, Low-energy electron induced X-ray emission spectrometry, and atom Probe tomography.

Rauland

Healthcare (hospitals) and Education (schools) communication systems.

Oil & Gas / Power

Products for use in refineries and labs. Includes process analyzers, fuel analyzers, sample conditioning and heated and jacketed tubing.

References

1. "Ametek". Fortune. Retrieved 2019-01-21.
2. "Annual Report". AMETEK, Inc.
3. "Overview". Archived from the original on 2013-01-26. Retrieved 2013-01-29.
4. "History of AMETEK, Inc. – FundingUniverse".
5. "Profile: Ametek Inc (AME)". Reuters.
6. "Our Products". Archived from the original on 2013-02-01. Retrieved 2013-01-29.
7. Firth, Niall (2007-02-26). "INSIGHT: Going steady". The Engineer. Archived from the original on 2018-01-13.
8. ^ King, Mike (2006-10-18). "Creaform Founder Wins Award". The Montreal Gazette.
9. "Creaform sells 1,000th laser scanner". Design Engineering. May 26, 2014.
10. Cherdo, Ludivine. "Handheld 3D scanners 2019: top 10 selection and buying guide". Aniwaa. Retrieved 25 July 2019.
11. ^ Lamontagne, Kathryne. "Creaform achetée par Ametek pour 120 M$". Le Journal de Montréal (in Canadian French). Retrieved 2018-01-14.
12. Couture, Pierre. "Un nouveau siège social de 20 M$ pour Creaform à Lévis". Le Journal de Québec (in Canadian French). Retrieved 2018-01-14.

External links

• Business data for Ametek:
  • Bloomberg
  • Google
  • Reuters
  • SEC filings
  • Yahoo!

• Ametek website
• Company profile at Reuters
• Company history at Fundinguniverse
• Creaform website

• Business data for AMETEK Inc:
  • Google
  • SEC filings
  • Yahoo!

• 1930 establishments in Pennsylvania
• American companies established in 1930
• Companies based in Chester County, Pennsylvania
• Companies listed on the New York Stock Exchange
• Conglomerate companies of the United States
• Manufacturing companies based in Pennsylvania
• American brands