Enpro Industries acquired Advanced Micro Instruments, Inc. for $209.4 million, net of cash acquired, a transaction completed in January 2024, structured as all-cash purchase of all equity securities.
Advanced Micro Instruments, Inc. operates in Sealing Technologies. AMI is a Costa Mesa, California based provider of highly-engineered, application-specific analyzers and sensing technologies that monitor critical parameters to maintain infrastructure integrity, enable process efficiency, and enhance safety. It offers oxygen, hydrogen sulfide, and moisture analyzers serving midstream natural gas, biogas, industrial processing, cryogenics, food processing, laboratory, wastewater, and aerospace markets.
Expands Enpro's capabilities into compositional analysis within the Test and Measurement industry and adds to the Sealing Technologies portfolio of critical process technologies; expected to be accretive to segment revenue growth, profitability, and Enpro adjusted diluted earnings per share.
Acquiring AMI, an industry leader, will build on our strategy to invest in products and technologies that safeguard critical environments in key secular growth markets.Eric Vaillancourt, President and Chief Executive Officer, Enpro Inc.
Advisory firms were not disclosed for this transaction.