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AMETEK, Inc. (NYSE: AME), Berwyn, PA, has agreed to acquire the parent company of Dunkermotoren GmbH, a manufacturer of advanced motion control products. The privately held manufacturer has expected 2012 sales of approximately € 155 million (US$200 million) and is headquartered in Bonndorf, Germany.
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AMETEK is acquiring the business from Triton, a European private equity firm. The acquisition, which is subject to German government approval as well as normal closing conditions, is expected to be completed during the second quarter.
"Dunkermotoren is a global leader in highly engineered advanced motion control solutions for niche applications. It is an excellent strategic and highly complementary fit with our Precision Motion Control business," AMETEK CEO Frank S. Hermance said. "It expands our leadership position in niche rotary and linear motion applications. In addition, it broadens our manufacturing capabilities in both Europe and China, and greatly expands our presence in key industrial end markets."
In addition to its facility in Bonndorf, Germany, Dunkermotoren has manufacturing operations in China and Serbia.