UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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| Item 8.01 | Other Events. |
On September 4, 2019, the Company issued a press release announcing it has acquired Pacific Design Technologies. A copy of the release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description | |||
| 99.1 |
Press release, dated September 4, 2019, “AMETEK Acquires Pacific Design Technologies”. | |||
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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. | ||||||
| September 5, 2019 |
By: |
/s/ Thomas M. Montgomery | ||||
| Name: |
Thomas M. Montgomery | |||||
| Title: |
Senior Vice President – Comptroller | |||||
Exhibit 99.1
AMETEK Acquires Pacific Design Technologies
- Leading Provider of Mission-Critical Thermal Management Solutions -
BERWYN, PA, September 4, 2019 – AMETEK, Inc. (NYSE: AME) today announced that it has acquired Pacific Design Technologies, Inc. (PDT), a leading provider of advanced, mission-critical thermal management solutions.
PDT designs and manufactures a complete range of custom-engineered, liquid cooling systems and components used in a broad set of current and next-generation commercial aerospace, defense and space platforms. PDT was privately held and is headquartered in Goleta, California. The company has annual sales of approximately $40 million and was acquired for approximately $125 million.
“PDT is an excellent acquisition for AMETEK as it enhances our position in the attractive aerospace and defense sectors,” comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. “The company’s innovative technology and differentiated solutions nicely complement our already deep expertise in thermal management systems.”
PDT joins AMETEK as part of its Electromechanical Group (EMG) – a differentiated supplier of thermal management systems, and automation and engineered solutions.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales of approximately $5.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. 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 500.
Contact:
AMETEK, Inc.
Kevin Coleman
Vice President, Investor Relations
1100 Cassatt Road
Berwyn, Pennsylvania 19312
kevin.coleman@ametek.com
Phone: 610.889.5247
