Industrial technology group Ametek has agreed to acquire the instrumentation businesses of Indicor, a portfolio company of private equity firm CD&R, in a cash transaction valued at approximately $5bn, according to a report by Reuters.
The deal comes amid a wider trend of industrial companies reshaping their portfolios as tariff uncertainty and geopolitical pressures drive a renewed focus on core operations and strategic assets.
Indicor’s instrumentation division develops and manufactures testing and control equipment for scientific and industrial end markets. The business generates roughly $1.1bn in annual revenue, according to Ametek, which expects the acquisition to close in the second half of 2026.
Ametek said it plans to finance the transaction through a combination of borrowings under its existing credit facilities and newly issued debt.
The acquisition follows strong momentum for Ametek, whose products have seen increased demand from power generation projects linked to AI data centre expansion. The company recently raised its full-year 2026 profit outlook.
