AMETEK acquired Laserage Technology for part of $391.4 million across five 2016 businesses, a transaction completed in October 2016, structured as All-cash.
Laserage Technology operates in EMG. Laserage Technology, with operations in Waukegan, Illinois and Milpitas, California, provides laser-fabrication services for the medical-device market, including precision tube fabrication for minimally invasive surgical devices, stents and catheter delivery systems. Annual sales were about $22 million. AMETEK completed the purchase in November 2016 and added the business to its Electromechanical Group.
EMG
A provider of laser fabrication services for the medical device market, acquired in October 2016.AMETEK FY2016 10-K, Item 1 Business / Acquisitions note
Advisory firms were not disclosed for this transaction.