UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | January 2, 2013 |
AMETEK, Inc.
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(Exact name of registrant as specified in its charter)
| Delaware | 1-12981 | 14-1682544 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 1100 Cassatt Road, Berwyn, Pennsylvania | 19312 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 610-647-2121 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On January 2, 2013, AMETEK, Inc. issued a press release to announce it has acquired Sunpower, Inc. and Crystal Engineering. A copy of such press release is attached as Exhibit 99.1. The information contained in said press release is hereby incorporated by reference in this Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMETEK, Inc. | ||||
| January 3, 2013 | By: |
/s/ William J. Burke
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| Name: William J. Burke | ||||
| Title: Senior Vice President - Comptroller & Treasurer | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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Copy of press release issued by AMETEK, Inc. on January 2, 2013. |
Exhibit 99.1
CORPORATE OFFICE
1100 Cassatt Road, Berwyn, PA 19312
Contact: Kevin C. Coleman (610) 889-5247
AMETEK ANNOUNCES TWO TECHNOLOGY ACQUISITIONS
Sunpower, Inc. is a Leader in Cryogenic Cooling
And Heated Stirling Engine Technology
Crystal Engineering’s High-End, Portable Calibration Instruments
Complement AMETEK’s Test & Calibration Instruments Businesses
Berwyn, PA, January 2, 2013 – AMETEK, Inc. (NYSE: AME) today announced that it has completed two technology-related acquisitions:
| • | Sunpower, Inc., a privately held leader in the development of stirling cycle cryocoolers and externally heated stirling engine technology for medical, scientific, telecommunication and space applications |
| • | Crystal Engineering, a privately held manufacturer of high-end, portable pressure calibrators and digital test gauges for the oil and gas, power generation and other industrial markets |
“Both Sunpower and Crystal Engineering are excellent acquisitions that provide us with the opportunity to bring key technologies in-house. These technologies will allow us to develop the next-generation of advanced radiation detection and pressure calibration instruments,” comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
Sunpower
Headquartered in Athens, OH, Sunpower designs and develops high reliability cryocoolers and
externally heated Stirling cycle engines. Its cryocoolers are used to lower temperatures below
-150oC without the use of expensive liquid nitrogen, while its heat engines are used in
micro co-generation (heat and power) devices.
“Sunpower’s cryogenic cooling technology provides a critical enabling technology for use in our highly successful ORTEC Detective® family of portable radiation identifiers. It provides a platform to support the continued growth of this product family while providing us with opportunities to broaden the application of cryogenic cooling and Stirling heat engine technology,” adds Mr. Hermance.
Sunpower becomes part of AMETEK Advanced Measurement Technology (AMT), a division of AMETEK’s Electronic Instruments Group — a recognized leader in advanced monitoring, testing, calibrating and display instruments with annualized sales of $1.9 billion.
— More —
AMETEK Completes Two Technology Acquisitions
Page 2
Crystal Engineering
Headquartered in San Luis Obispo, CA, Crystal Engineering has high-end pressure measurement
technology and manufactures high-end portable digital pressure calibrators and digital test gauges
that fit well with AMETEK’s JOFRA® temperature and pressure calibrators.
“We share common products and markets with Crystal Engineering. It strengthens our technology and product offering in the calibration instruments market. Crystal’s products broaden our line of high-end temperature and pressure calibration instruments, while its product line benefits from the global reach and resources of our Electronic Instruments Group,” concludes Mr. Hermance.
Crystal Engineering joins AMETEK Measurement & Calibration Technologies (M&CT), also a Division of AMETEK’s Electronic Instruments Group.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices
with annualized sales of $3.4 billion. AMETEK’s Corporate Growth Plan is based on Four Key
Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion
and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over
the business cycle and a superior return on total capital. The common stock of AMETEK is a
component of the S&P MidCap 400 and the Russell 1000 Indices.
Forward-looking Information
Statements in this news release relating to future events, such as AMETEK’s expected business and
financial performance are “forward-looking statements.” Forward-looking statements are subject to
various factors and uncertainties that may cause actual results to differ significantly from
expectations. These factors and uncertainties include AMETEK’s ability to consummate and
successfully integrate future acquisitions; risks associated with international sales and
operations; AMETEK’s ability to successfully develop new products, open new facilities or transfer
product lines; the price and availability of raw materials; compliance with government regulations,
including environmental regulations; changes in the competitive environment or the effects of
competition in our markets; the ability to maintain adequate liquidity and financing sources; and
general economic conditions affecting the industries we serve. A detailed discussion of these and
other factors that may affect our future results is contained in AMETEK’s filings with the U.S.
Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K.
AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.
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