AMETEK has completed the previously announced acquisition of the parent company of Dunkermotoren GmbH from private equity firm Triton for EUR250 million (USD320 million).
The acquisition of Dunkermotoren, a specialist in advanced motion control solutions for a wide range of industrial automation applications, is expected to be immediately accretive, adding approximately USD0.02 per diluted share to 2012 earnings and approximately USD0.10 per diluted share to earnings in 2013.
"We are excited about the acquisition of such an outstanding company," says Frank S Hermance, AMETEK Chairman and Chief Executive Officer. "Dunkermotoren is a global leader in highly engineered advanced motion control solutions for niche applications. It is an excellent strategic and highly complementary fit with our Precision Motion Control business. It expands our leadership position in niche rotary and linear motion applications. In addition, it broadens our manufacturing capabilities in both Europe and China, and greatly expands our presence in key industrial end markets."
Dunkermotoren is a leader in advanced motion control solutions for a wide range of industrial automation applications, including factory equipment, office machines, medical devices and laboratory equipment. In addition to its facility in Bonndorf, Germany, Dunkermotoren has manufacturing operations in China and Serbia.
