AMETEK (AME) Closes Purchase of Dunkermotoren, Sees Deal Adding 2c/Share to '12 Earnings
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AMETEK, Inc. (NYSE: AME) today announced that it has completed the previously announced acquisition of the parent company of Dunkermotoren GmbH, a leader in advanced motion control solutions for a wide range of industrial automation applications. The privately held manufacturer has expected 2012 sales of approximately euro 155 million ($200 million) and is headquartered in Bonndorf, Germany. AMETEK acquired the business from Triton, a European private equity firm for approximately euro 250 million ($320 million), net of cash received.
The acquisition of Dunkermotoren is expected to be immediately accretive, adding approximately $0.02 per diluted share to 2012 earnings and approximately $0.10 per diluted share to earnings in 2013.
The acquisition of Dunkermotoren is expected to be immediately accretive, adding approximately $0.02 per diluted share to 2012 earnings and approximately $0.10 per diluted share to earnings in 2013.
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