AMETEK acquires Atlas Material for $159 million

July 22, 2024

In early morning on November 10, Beijing time, AMETEK Inc (AME) announced that it has acquired Atlas, a meteorological tester manufacturer, from private investment company Industrial Growth Partners for US$159 million in cash. Material Testing Technology LLC.

Atlas is headquartered in Chicago and its customers include test laboratories and aerospace products, paints, coatings, film, plastic solar, pharmaceutical and vehicle manufacturers. The company’s 2011 revenue is expected to be approximately 85 million US dollars.

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