The 2020 Mid-Year Economic Update_long

AMETEK Acquires Spectro Scientific

Spectro joins AMETEK as part of its Electronic Instruments Group.

AMETEK, Inc., Berwyn, PA, (NYSE: AME) has acquiredSpectro Scientific, Chelmsford, MA, a provider of machine condition monitoring solutions for critical assets in high-value industrial applications.

"Spectro is an excellent acquisition for AMETEK. Their differentiated solutions serve an increasing need for predictive maintenance in a broad and growing set of end markets, including military and defense, process, power generation and transportation," said David A. Zapico, AMETEK chairman and CEO. "Spectro's solutions nicely complement our strategy to integrate instrumentation data with cloud-based software and analytics."

AMETEK purchased the company for $190 million. Spectro reported annual sales of $50 million last year. Spectro joins AMETEK as part of its Electronic Instruments Group.

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