Motec has been sold to AMETEK
Lincoln International, a leading global mid-market investment bank, is pleased to announce the successful sale of the embedded mobile machine vision specialist Motec to AMETEK. The Company’s ruggedized vision products and integrated software solutions provide customers with improved operational efficiency and enhanced safety across a variety of critical mobile machine applications in transportation, agriculture, logistics and construction. Joining AMETEK will enable Motec to further continue its strong growth path and additionally benefit from AMETEK’s global capabilities and network. Lincoln International acted as the exclusive financial advisor to the shareholders of Motec. Financial terms of the transaction were not disclosed.
“Motec is an excellent acquisition. It has market-leading positions across a number of high growth market applications and its vision systems nicely complement our existing instrumentation businesses by expanding our portfolio of solutions to our customers,” said David A. Zapico, AMETEK Chairman and Chief Executive Officer.
Dr. Christoph Loos, Managing Director of Motec, commented, “We are delighted to join AMETEK. With its global presence and powerful resources, it will help us in serving our global customer base even better and sustaining our hugely successful growth trajectory. Our advisors, Lincoln International, did a first-rate job in preparing and positioning the company ahead of the M&A process and managing a competitive environment of international investors to secure the best outcome for Motec.”
Motec was a privately held company and is headquartered in Hadamar-Steinbach, Germany. The company has annual sales of approximately Euro 30 million. 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 USD 2.9 billion.
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales of more than USD 4.7 billion and a market capitalization of nearly USD 18 billion. AMETEK’s Corporate Growth Plan is based on four key strategies: operational excellence, strategic acquisitions, global and market expansion and new products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500 Index.
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