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): | December 14, 2007 |
AMETEK, Inc.
__________________________________________
(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.) |
| 37 North Valley Road, Paoli, Pennsylvania | 19301 | |
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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 December 14, 2007, AMETEK, Inc. issued a press release to announce it has acquired privately held California Instruments Corporation. 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. | ||||
| December 14, 2007 | By: |
/s/ Robert R. Mandos, Jr.
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| Name: Robert R. Mandos, Jr. | ||||
| Title: Senior Vice President & Comptroller | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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Copy of press release issued by AMETEK, Inc. on December 14, 2007. |
Exhibit 99.1
Corporate Office
37 North Valley Road, Building 4, P.O. Box 1764, Paoli, PA 19301-0801
Contact: William J. Burke (610) 889-5249
AMETEK ACQUIRES CALIFORNIA INSTRUMENTS CORPORATION
—Broadens Scope of Power Instruments Business—
Paoli, PA, December 14, 2007 — AMETEK, Inc. (NYSE: AME) today announced it has acquired privately held California Instruments Corporation. Based in San Diego, California Instruments is a leader in programmable alternating current (AC) power sources used to test electrical and electronic products. California Instruments has annual sales of approximately $22 million.
“California Instruments is a leader in the niche market for programmable AC power sources with an especially strong position in the high-power segment of the market and a solid roster of long-standing blue-chip customers,” notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
“This acquisition broadens the scope of our Power Instruments business, which produces power quality monitoring and metering instrumentation, and further expands our presence in the attractive electronic test and measurement equipment market,” adds Mr. Hermance.
California Instruments is the global leader in programmable AC power sources used to test electrical and electronics products by simulating various input voltages, frequencies and potentially harmful line transients. These products are used in design verification testing, manufacturing, quality assurance and regulatory compliance by its customers in the computer, consumer electronics, industrial controls, and aerospace and defense industries.
California Instruments joins AMETEK as part of its Electronic Instruments Group (EIG) —a recognized leader in advanced monitoring, testing, calibrating, and display instruments. AMETEK EIG sells its instruments to the process and analytical, aerospace, power, and industrial markets worldwide and had 2006 sales of more than $1 billion.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices
with annual sales of $2 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 Index and the Russell 1000 Index.
—MORE—
Exhibit 99.1
AMETEK ACQUIRES CALIFORNIA INSTRUMENTS CORPORATION
Page 2
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 our ability to consummate and successfully
integrate future acquisitions; risks associated with international sales and operations; our
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 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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