AMETEK acquires Magnetrol International
Snapshot
AMETEK acquired Magnetrol International for part of approximately $270 million deployed across three acquisitions (Magnetrol, Crank Software, EGS) in March 2021. Magnetrol International is a Aurora, Illinois-based EIG business.
- Acquirer
- AMETEK
- Target
- Magnetrol International
- 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 Magnetrol International for part of approximately $270 million deployed across three acquisitions (Magnetrol, Crank Software, EGS), a transaction completed in March 2021.
Magnetrol International operates in EIG, is based in Aurora, Illinois. Headquartered in Aurora, Illinois, Magnetrol is a leading provider of level and flow control solutions for challenging process applications across a diverse set of end markets including medical, pharmaceutical, oil and gas, food and beverage, and general industrial.
Magnetrol nicely complements AMETEK's Sensors, Test and Calibration (STC) business; combined, Magnetrol and STC become an industry-leading, differentiated sensor platform with a broad range of level and flow measurement solutions.
Mission-critical level and flow control products serving diverse process end markets. Combines with AMETEK's Sensors, Test and Calibration business to form a differentiated level/flow sensor platform. Electronic Instruments Group (EIG), Sensors, Test and Calibration (STC)
No advisory firms have been disclosed for this transaction.