AMETEK acquires Crank Software
Snapshot
AMETEK acquired Crank Software for part of approximately $270 million deployed across three acquisitions (Magnetrol, Crank Software, EGS) in March 2021. Crank Software is a Ottawa, Canada-based EIG business.
- Acquirer
- AMETEK
- Target
- Crank Software
- Value
- part of approximately $270 million deployed across three acquisitions (Magnetrol, Crank Software, EGS)
- Date
- March 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
AMETEK acquired Crank Software for part of approximately $270 million deployed across three acquisitions (Magnetrol, Crank Software, EGS), a transaction completed in March 2021.
Crank Software operates in EIG, is based in Ottawa, Canada. Headquartered in Ottawa, Canada, Crank Software is a leading provider of embedded graphical user interface (GUI) software and services. Its flagship Storyboard platform enables the design and development of customized user experiences in a wide range of embedded products.
An exciting acquisition and an excellent addition to AMETEK's growing portfolio of software solutions; the award-winning Storyboard platform and service capabilities are positioned well to capitalize on demand for embedded user interfaces.
Award-winning embedded GUI software platform expanding AMETEK's software capabilities. Expands AMETEK's growing portfolio of software solutions. Electronic Instruments Group (EIG)
No advisory firms have been disclosed for this transaction.