AMETEK acquires Spectro Scientific for USD190 million
Spectro Scientific, one of the world’s largest suppliers of fluid analysis instrumentation and software, has been acquired by AMETEK, Inc. Spectro Scientific was a privately held company and is headquartered in Chelmsford, Massachusetts, U.S.A. It joins AMETEK as part of its Electronic Instruments Group (EIG) – a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of USD3.0 billion.
With annual sales of approximately USD50 million, Spectro Scientific was purchased by AMETEK for approximately USD190 million.
“Our mission over the last several years has been to focus on new technology development; strategic company and product acquisitions; and the continual improvement of Spectro products, providing our customers with the most advanced, precise and convenient fluid analysis tools possible.,” said Spectro Scientific President and CEO Brian Mitchell.
“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 industrial, power generation and transportation. Spectro’s solution offering nicely complements our strategy to integrate instrumentation data into cloud-based software and analytics,” said AMETEK Chairman and Chief Executive Officer David A. Zapico.
Spectro Scientific’s extensive product offerings include spectrometers for wear metal analysis, lubricant degradation and contamination analyzers, particle analysis instruments, complete turnkey systems for oil or fuel analysis laboratories and the TruVu 360™ enterprise fluid intelligence data management platform.