AMETEK acquired Avtech Avionics and Instruments for part of $747.7 million across seven 2012 businesses, a transaction completed in December 2012, structured as All-cash.
Avtech Avionics and Instruments operates in EMG. Avtech Avionics and Instruments is an FAA-certified aviation repair operation based in Miami, Florida that specializes in the repair and maintenance of both next-generation and legacy avionics and instruments. AMETEK acquired it in December 2012, alongside Aero Components International, to expand its aerospace maintenance, repair and overhaul (MRO) capabilities.
Avtech broadens the company's maintenance, repair and overhaul expertise in next generation avionics.
EMG
Broadens AMETEK's MRO expertise in next-generation avionics, acquired in December 2012.AMETEK FY2012 10-K, Item 1 Business / Acquisitions note
Advisory firms were not disclosed for this transaction.