PAOLI, PA /BUSINESS WIRE/ -- AMETEK Inc. announced that it has acquired Newage Testing Instruments, a privately held manufacturer of hardness testing equipment used in a broad range of industries, including aerospace, oil exploration, and defense.
"Newage provides an excellent fit with the products offered by our measurement and calibration technologies business. Their hardness-testing equipment and technology complements our Lloyd Instruments universal materials-testing machines and broadens the range of materials-testing solutions we can provide and support through our global sales and service network," notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
Newage's differentiated measurement technology, coupled with its market-leading automation and application software, complements AMETEK's growing product line of materials testing technology. The addition of Newage's hardness-testing technology enables AMETEK to meet the growing demand for measuring very thin materials, small parts, and micro-structures in the surface of materials, with applications in the testing of metals, ceramics, and composite materials.
Newage becomes part of AMETEK Measurement & Calibration Technologies (M&CT), a division of AMETEK's Electronic Instruments Group (EIG), a global leader in advanced instruments for process, aerospace, power, and industrial markets, with 2007 sales of approximately $1.2 billion.
AMETEK M&CT, designs, manufactures, and distributes sensors and sensor-based instruments and calibration systems that provide precise measurements of pressure, level, temperature, position, force, material tension, compression, and hardness. AMETEK M&CT serves a global customer base with manufacturing operations in the U.S., U.K., and Denmark, and a worldwide network of sales and service locations.
AMETEK Inc. is a leading global manufacturer of electronic instruments and electromechanical devices, with 2007 sales of more than $2.1 billion. AMETEK's corporate growth plan is based on four key strategies: operational excellence, strategic acquisitions and alliances, global and market expansion, and new products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital.