Get Moblico news: TXTJOIN” to 833-338-4330

Chat with us: TXT or Call 855-662-5426

Team Moblico

Team Moblico

AMETEK Sales Up 6% in 2019

Share on facebook
Share on google
Share on twitter
Share on linkedin

AMETEK Inc., Paoli, Pennsylvania, a global manufacturer of electronic instruments and electromechanical devices, reported sales for 2019 of $5.2 billion, up 6% over 2018. Profit increased 10.8% to $861.3 billion.

For the fourth quarter, the company reported sales of $1.3 billion, up 3% from the same period of 2018. Profit was $220.8 million.

The company also announced that is has acquired IntelliPower, a leading provider of high-reliability, ruggedized uninterruptible power systems serving a wide range of defense and industrial applications.

IntelliPower designs and manufactures a broad portfolio of ruggedized solutions including uninterruptible power systems, external battery packs, power distribution units and power conditioners. These products protect mission-critical applications by utilizing high-efficiency, power-switching technology which can be remotely monitored and managed.

“IntelliPower is an excellent acquisition for AMETEK and is a highly complementary fit with our Power Systems and Instruments Division,” comments David A. Zapico, AMETEK chairman and CEO. “IntelliPower is a market leader in ruggedized uninterruptible power solutions and broadens our technological capabilities in this attractive market segment.”      

IntelliPower is headquartered in Orange, California. The company has annual sales of approximately $40 million and was acquired for approximately $115 million. IntelliPower joins AMETEK as part of its Electronic Instruments Group (EIG) – a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.

More to explorer

REHAU Launches New North American Website announces the launch of its new website that brings extensive resources to the desktops and mobile devices of customers.