AMETEK acquires Core thermal management solutions provider Pacific Design Technologies

AMETEK(NYSE: AME) today announced that it has acquired Pacific Design Technologies(PDT), a leading provider of core thermal management solutions.

PDT designs and manufactures a comprehensive range of custom liquid cooling systems and components used in a wide range of contemporary and next-generation commercial aerospace, defense and space platforms. PDT is privately owned and headquartered in Gorata, California. The company, which has annual sales of about $40 million, was acquired for about $125 million.

David A. Zapico, Chairman of the Board and Chief Executive Officer of AMETEK, commented: "For AMETEK, the acquisition of PDT is A very successful acquisition that strengthens the company's position in the promising aerospace and defense sector. PDT's innovative technologies and differentiated solutions complement our deep expertise in thermal management systems."

PDT will join AMETEK Electromechanical Equipment Group (EMG), a differentiated provider of thermal management systems, automation and engineering solutions.

About AMETEK

AMETEK is a global leader in electronic and electromechanical devices with annual sales of approximately $5 billion. For material analysis, ultra-precision measurement, process analysis, test measurement and communication, power systems and instruments, instrumentation and special control, precision motion control, electronic components and packaging, special metal products and other fields to provide technical solutions. The company has more than 17,000 employees, more than 150 facilities, and more than 100 sales and service centers in the United States and more than 30 other countries.