The 2020 Mid-Year Economic Update_long

AMETEK to Acquire Zygo Corporation

Deal expected to close towards end of 2Q.

AMETEK, Inc. (NYSE: AME), Berwyn, PA, has agreed to acquire Zygo Corporation (NASDAQ: ZIGO), Middlefield, CT, in a cash purchase. The value of the transaction is approximately $280 million.

Zygo is a provider of optical metrology solutions, high precision optics and optical assemblies for use in a wide range of scientific, industrial, and medical applications. For 2013, Zygo had sales of approximately $162 million.

"Zygo's leading position in non-contact optical metrology nicely complements our strength in contact metrology and enables us to offer our customers a full range of metrology solutions," said Frank S. Hermance, AMETEK's CEO.

The transaction is expected to be completed towards the end of the second quarter of calendar 2014.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com