AME · AMETEK, Inc.

AMETEK, Inc. announced a definitive agreement to acquire Indicor Instrumentation from Indicor, LLC for approximately $5.0 billion in cash. Indicor Instrumentation is a portfolio of leading businesses that design and manufacture mission-critical solutions for industrial and scientific applications, generating about $1.1 billion in annual sales with profitability levels consistent with AMETEK. The acquisition is highly strategic, adding differentiated technologies and strong market positions with a substantial base of recurring revenue from consumables, services, and aftermarket support (approximately 50% of sales). AMETEK plans to fund the acquisition through borrowings under its existing credit facility and new debt issuance, with expected leverage at closing of approximately 2.3x. The company expects annualized synergies of 10% to 12% of sales through the AMETEK Growth Model, and the transaction is expected to be cash earnings accretive in Year 1 with strong returns on capital. The businesses will be integrated into AMETEK's Electronic Instruments Group (EIG) and Electromechanical Group (EMG) based on product offerings and market alignment. The transaction is subject to customary closing conditions and regulatory approvals, with closing expected in the second half of 2026. AMETEK held a conference call on May 6, 2026 to discuss the acquisition.