AMETEK to Acquire Gatan
AMETEK Inc. has announced that it has signed a definitive agreement to acquire Gatan, a leading manufacturer of instrumentation and software used to enhance and extend the operation and performance of electron microscopes, from Roper Technologies, Inc. (NYSE: ROP) in an all-cash transaction valued at $925 million.
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.
Statement of David A. Zapico, AMETEK Chairman and Chief Executive Officer
“We are very excited to welcome Gatan to AMETEK. Gatan is an outstanding company and nicely complements our existing portfolio of specialized 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.”
Comment of Neil Hunn, Roper’s President and CEO
“AMETEK is an ideal home for Gatan to continue its revolutionary work enabling electron microscopy technology. 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 $180 million 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 (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.