Published on 04-Nov-2024

AMETEK Expands with Virtek Vision Buyout

AMETEK Expands with Virtek Vision Buyout

Sources - @manufacturing-quality

AMETEK, Inc. (NYSE: AME), a global leader in electronic instruments and electromechanical devices, has announced the acquisition of Virtek Vision International, a prominent provider of advanced laser-based projection and inspection systems for high-precision manufacturing. This acquisition aligns with AMETEK’s ongoing strategy to enhance its product portfolio, particularly in automated 3D scanning and quality control.

Virtek Vision specializes in cutting-edge 3D laser projection and machine vision solutions, integrating artificial intelligence and advanced algorithms to support laser-guided measurement and inspection. The technology enhances manufacturing efficiencies, streamlines complex assembly processes, and delivers precision across industries including aerospace, defense, and industrial manufacturing.

"We are excited to welcome Virtek to the AMETEK family," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Virtek is an outstanding acquisition and an excellent strategic fit with our Creaform business. Their strong technology capabilities nicely complement Creaform’s enabling a broader suite of automated 3D scanning and inspection capabilities supported by advance software and algorithms.”

Headquartered in Waterloo, Canada, Virtek Vision brings annual sales of approximately $40 million and will integrate with AMETEK’s Electronic Instruments Group (EIG), a leading division specializing in advanced analytical, monitoring, testing, calibrating, and display instrumentation.

This strategic acquisition strengthens AMETEK's position as a premier provider of comprehensive, AI-driven measurement and inspection solutions, delivering enhanced value and innovation to its global customers.

Reference: https://www.ametek.com/newsroom/news/investor/2024/october/ametek-acquires-virtek-vision-international

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