AMETEK Completes Acquisition of Abaco Systems
b'BERWYN, Pa., April 29, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announcedthat it has completed its acquisition of Abaco Systems, Inc., a leading provider of mission critical embedded computing systems in an all-cash transaction valued at $1.35 billion.\n"We are excited to welcome Abaco to AMETEK," saidDavid A. Zapico, AMETEK Chairman and Chief Executive Officer.
- b'BERWYN, Pa., April 29, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announcedthat it has completed its acquisition of Abaco Systems, Inc., a leading provider of mission critical embedded computing systems in an all-cash transaction valued at $1.35 billion.\n"We are excited to welcome Abaco to AMETEK," saidDavid A. Zapico, AMETEK Chairman and Chief Executive Officer.
- "Abaco\'s market leading computing and electronic solutions nicely complement our existing aerospace and defense businesses, expanding our positions across many attractive growth platforms.
- 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.
- The common stock of AMETEK is a component of the S&P 500.\n'