AMETEK acquired Zygo Corporation for approximately $280 million, a transaction completed in June 2014, structured as all-cash merger at $19.25 per share, net of cash acquired.
Zygo Corporation operates in Electronic Instruments Group (Ultra Precision Technologies Division). Acquisition of Zygo Corporation (NASDAQ: ZIGO), a provider of optical metrology solutions, high precision optics, and optical assemblies for scientific, industrial, and medical applications. Zygo had calendar 2013 sales of approximately $162 million. Announced April 11, 2014 and completed June 20, 2014.
Zygo's leading position in non-contact optical metrology complements AMETEK's strength in contact metrology, enabling AMETEK to offer customers a full range of metrology solutions.
Zygo's leading position in non-contact optical metrology nicely complements our strength in contact metrology and will enable us to offer our customers a full range of metrology solutions.Frank S. Hermance, AMETEK Chairman and Chief Executive Officer
Advisory firms were not disclosed for this transaction.