AMETEK acquires Gatan

AMETEK acquired Gatan for $925 million, a transaction completed in October 2019, structured as all cash. The deal was a Carve-out.

Gatan operates in EIG, is based in Sarasota, Florida (seller Roper Technologies). Acquired from Roper Technologies, Inc. (NYSE: ROP), Gatan is a leading manufacturer of instrumentation and software used to enhance and extend the operation and performance of electron microscopes, and a pioneer in direct detection technology for electron microscopy. Its product portfolio includes electron microscopy cameras and instrumentation, electron energy filters, software and accessories.

Gatan nicely complements AMETEK's existing portfolio of specialized offerings in high-end analytical instrumentation; its differentiated technology solutions, premier brand and leadership positions in attractive growth markets make this a highly attractive acquisition.

Premier brand and leadership in high-end electron-microscopy instrumentation in attractive growth markets. Complements AMETEK's existing high-end analytical instrumentation portfolio. Electronic Instruments Group (EIG)

Gatan is an outstanding company and nicely complements our existing portfolio of specialized offerings in high-end analytical instrumentation. Their differentiated technology solutions, premier brand and leadership positions in attractive growth markets make this a highly attractive acquisition for AMETEK.David A. Zapico, Chairman and CEO, AMETEK

AMETEK is an ideal home for Gatan to continue its revolutionary work enabling electron microscopy technology. The combination of these businesses will be a great fit for Gatan's talented employees and loyal customers.Neil Hunn, President and CEO, Roper Technologies

Advisory firms were not disclosed for this transaction.

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