AMETEK to acquire Gatan from Roper Technologies for $925mn

AMETEK to acquire Gatan from Roper Technologies for $925mn
Published: 2 October 2019 - 8 a.m.
By: Martin Menachery
AMETEK announced that it has signed a definitive agreement to acquire Gatan, a manufacturer of instrumentation and software used to enhance and extend the operation and performance of electron microscopes, from Roper Technologies in an all-cash transaction valued at $925mn.

Gatan is a pioneer in direct detection technology for electron microscopy, supporting high-end research to solve some of the world’s most complex challenges in materials and life sciences. The company’s solutions enable improved microscopy workflows in specimen preparation, imaging and analysis. Gatan’s product portfolio includes electron microscopy cameras and instrumentation, electron energy filters, software and accessories.

“We are very excited to welcome Gatan to AMETEK,” comments David A Zapico, AMETEK chairman and CEO. “Gatan is an outstanding company and nicely complements our existing portfolio of specialised offerings in high-end analytical instrumentation. Their differentiated technology solutions, premier brand and leadership positions in attractive growth markets make this a highly attractive acquisition for AMETEK.

“AMETEK is an ideal home for Gatan to continue its revolutionary work enabling electron microscopy technology,” said Neil Hunn, Roper’s president and CEO. “The combination of these businesses will be a great fit for Gatan's talented employees and loyal customers. We would like to thank everyone at Gatan for their contributions to Roper and wish them continued success.

Gatan has annual sales of approximately $180mn and is headquartered in Pleasanton, California. The transaction is expected to close in the fourth quarter of 2019 and is subject to customary closing conditions, including applicable regulatory approvals. Upon closing, Gatan will join AMETEK as part of its Electronic Instruments Group.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

Click here to add your comment

Please add your comment below
Your email address will not be published