AMETEK acquired Reichert Technologies for part of $474.9 million across five 2011 businesses, a transaction completed in October 2011, structured as All-cash.
Reichert Technologies operates in EIG. Reichert Technologies, based in Depew, New York, makes analytical instruments and diagnostic devices for the eye-care market, used by ophthalmologists, optometrists and opticians for vision correction and for screening and diagnosing conditions such as glaucoma. Its products include the Phoroptor refraction instrument and tonometry devices for measuring intra-ocular pressure. AMETEK acquired the company in 2011 for $150 million against annual sales of about $55 million, placing it in the Electronic Instruments Group.
Reichert Technologies expands AMETEK's business in the medical market.
EIG
A manufacturer of analytical instruments and diagnostic devices for the eye care market, acquired in October 2011.AMETEK FY2011 10-K, Item 1 Business / Acquisitions note
Advisory firms were not disclosed for this transaction.