AMETEK Acquires California Instruments Corporation
PAOLI, PA, December 14, 2007
AMETEK has acquired privately held California Instruments. Based in San Diego, California Instruments is a leader in programmable AC power sources used to test electrical and electronic products. California Instruments has annual sales of approximately $22 million.
“California Instruments is a leader in the niche market for programmable AC power sources with a strong position in the high-power segment of the market and a solid roster of long-standing blue-chip customers,” noted Frank S. Hermance, AMETEK chairman and CEO.
“This acquisition broadens the scope of our power instruments business, which produces power quality monitoring and metering instrumentation, and further expands our presence in the electronic test and measurement equipment market,” added Mr. Hermance.
California Instruments is a leader in programmable AC power sources used to test electrical and electronics products by simulating various input voltages, frequencies, and potentially harmful line transients. These products are used in design verification testing, manufacturing, quality assurance, and regulatory compliance by its customers in the computer, consumer electronics, industrial controls, and aerospace and defense industries.
California Instruments joins AMETEK as part of its Electronic Instruments Group (EIG), leader in monitoring, testing, calibrating, and display instruments. AMETEK EIG sells its instruments to the process and analytical, aerospace, power, and industrial markets worldwide and had 2006 sales of more than $1 billion. AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales of $2 billion.