AMETEK Closes Indicor Instrumentation Acquisition
AME sits 37% above its 52-week low of $179.235.
Summary
AMETEK has completed its acquisition of Indicor Instrumentation. The deal was previously announced and financed in part by the $7.5 billion debt package secured in June. This closes a strategic expansion in instrumentation, adding to AMETEK's industrial portfolio. The acquisition is expected to be accretive to earnings, consistent with AMETEK's track record of bolt-on deals. No financial terms were disclosed.
At the time of this announcement, AME was trading at $244.91 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $55.4B. The 52-week trading range was $179.24 to $261.16. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.