AMETEK (AME) Acquires Test, Measurement Company Micro-Poise in $170M Cash Deal

October 23, 2012 7:07 AM EDT
AMETEK, Inc. (NYSE: AME) has acquired Micro-Poise Measurement Systems, a leading provider of integrated test and measurement solutions for the tire industry, from American Industrial Partners, a private equity firm, for approximately $170 million in cash.

Micro-Poise is headquartered in Streetsboro, OH, and has additional manufacturing operations in Troy, MI; Beijing, China; and Lubeck, Germany. It has estimated 2012 sales of approximately $125 million.

Micro-Poise joins AMETEK as part of AMETEK's Electronic Instruments Group (EIG) -- a recognized leader in advanced monitoring, testing, calibrating and display instruments with 2011 sales of $1.6 billion.

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