BERWYN,
Pa., May 2, 2023 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced the acquisition of Bison Gear &
Engineering Corp. (Bison), a leading manufacturer of highly
engineered motion control solutions serving diverse markets and
applications.
Bison designs and manufactures custom motion control solutions
for use in demanding and high precision applications within the
automation, power, food and beverage, and transportation markets.
With a strong focus on innovation, quality, and customer service,
Bison has established a reputation as a trusted and reliable
provider of highly engineered products and solutions.
"We are pleased to welcome Bison Gear & Engineering to
AMETEK," said David A. Zapico,
AMETEK Chairman and Chief Executive Officer. "Bison is an excellent
acquisition for AMETEK and a highly complementary fit with our
motion control and automation solutions businesses. Their strong
engineering expertise and broad product portfolio provides us with
expanded capabilities and solution offerings serving attractive
growth markets."
Bison is headquartered in St. Charles,
Illinois and has annual sales of approximately $80 million. Bison will join AMETEK as part of
its Electromechanical Group (EMG), a differentiated supplier of
thermal management, automation and engineered solutions.
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 over
$6.0 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.