AMETEK acquires Pacific Design Technologies (PDT)
Snapshot
AMETEK acquired Pacific Design Technologies (PDT) for approximately $125 million in September 2019. The transaction was structured as all cash. Pacific Design Technologies (PDT) is a Goleta, California-based EMG business.
- Acquirer
- AMETEK
- Target
- Pacific Design Technologies (PDT)
- Value
- approximately $125 million
- Date
- September 2019
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
AMETEK acquired Pacific Design Technologies (PDT) for approximately $125 million, a transaction completed in September 2019, structured as all cash.
Pacific Design Technologies (PDT) operates in EMG, is based in Goleta, California, had revenue of about approximately $40 million in annual sales. A leading provider of advanced, mission-critical thermal management solutions. PDT designs and manufactures a complete range of custom-engineered, liquid cooling systems and components used in current and next-generation commercial aerospace, defense and space platforms.
An excellent acquisition that enhances AMETEK's position in the attractive aerospace and defense sectors; PDT's innovative technology and differentiated solutions nicely complement AMETEK's deep expertise in thermal management systems.
Innovative, differentiated thermal-management technology for aerospace, defense and space platforms. Complements AMETEK's existing thermal management systems expertise. Electromechanical Group (EMG)
No advisory firms have been disclosed for this transaction.