BERWYN,
Pa., Oct. 31, 2024 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced the acquisition of Virtek Vision
International, a leading provider of advanced laser-based
projection and inspection systems.
Virtek specializes in the development and manufacturing of
advanced 3D laser projectors, smart cameras, and quality control
inspection systems, powered by AI-driven software and algorithms.
Their innovative machine vision solutions provide customers with
precise, virtual laser guided measurement and inspection
capabilities to help automate complex assembly processes and
improve manufacturing efficiencies across a wide range of
aerospace, defense and industrial applications.
"We are excited to welcome Virtek to the AMETEK family," said
David A. Zapico, AMETEK Chairman and
Chief Executive Officer. "Virtek is an outstanding acquisition and
an excellent strategic fit with our Creaform business. Their strong
technology capabilities nicely complement Creaform's enabling a
broader suite of automated 3D scanning and inspection capabilities
supported by advance software and algorithms."
Virtek is headquartered in Waterloo,
Canada and has annual sales of approximately $40 million. Virtek will join AMETEK as part of
its Electronic Instruments Group (EIG) - a leader in advanced
analytical, monitoring, testing, calibrating and display
instrumentation.
Corporate Profile
AMETEK (NYSE: AME) is a leading
global provider of industrial technology solutions serving a
diverse set of attractive niche markets with annual sales of
approximately $7.0 billion. The
AMETEK Growth Model integrates the Four Growth Strategies -
Operational Excellence, New Product Development, Global and Market
Expansion, and Strategic Acquisitions - with a disciplined focus on
cash generation and capital deployment. AMETEK's objective is
double-digit percentage growth in earnings per share over the
business cycle and a superior return on total capital. Founded in
1930, AMETEK has been listed on the NYSE for over 90 years and is a
component of the S&P 500. For more information, visit
www.ametek.com.
Contact:
Kevin
Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610-889-5247
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SOURCE AMETEK, Inc.