Ametek

AMETEK is a global manufacturer of electronic instruments and electromechanical devices.AMETEK, Inc. is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of more than $4.5 billion. AMETEK has 17,000 colleagues at more than 150 operating locations, and a global network of sales, service and support locations in 30 countries around the world.AMETEK's Corporate Growth Planis founded on four key strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion, and New Products. Its objectives are double-digit annual percentage growth in earnings per share and a superior return on total capital.AMETEK is a world-class enterprise with market leading businesses and strong brands. Their businesses serve a diverse set of niche markets and applications, each with attractive growth characteristics. These businesses are focused on solving their customers’ most complex challenges with differentiated technology solutions. Each of their businesses drive growth through the execution of AMETEK’s proven Four Growth Strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion, and New Product Development.

1930: By March 1930, several months after the stock market crash, AMETEK's predecessor, the Manhattan Electric Supply Company, had fallen into bankruptcy, and stockholders decided to establish a new company in which the Manhattan electric firm would be included.

1931: One year after AME's formation, the Manhattan Electric Supply Co. proved to be ill-fitted to the group and was sold by the end of 1931.

1932: By 1932, the worst year of the Depression, AME began to show a slight profit, reporting overall assets of nearly $5 million.

1935: By 1935, AME was profitable.

1939: The onset of war in Europe in 1939 brought about significant growth for AME. During this time, the United States government began looking for businesses that could be transformed rapidly into manufacturers of critical war material, should the country become involved in the war.

1944: The purchase was finalized in 1944 for the price of $3 million in cash.

1955: Annual sales for AME in 1955 stood at $30 million, making the company a comparably small player among the giants of American industry.

1958: Trout Mining of Montana had been divested in 1958, and with the additions of United States Gauge and Lamb Electric, the company was producing a wide variety of precision components and electric motors for small appliances.

1965: In 1965, with the acquisition of Mansfield and Green, Inc., AMETEK was launched into the lab instruments business.

1967: In 1967, the first water filtration equipment business of the company, Plymouth Products, was acquired.

1980: By 1980, sales had reached $400 million, and three years later, AMETEK for the first time made it into the rankings of the Fortune 500 companies, with a reputation as a manufacturer of highly advanced products and materials.

1988: In 1988, stockholders approved a major restructuring of AMETEK, which resulted in the divestment of a dozen unrelated industries.

1989: The second principal segment of AMETEK was the Precision Instruments Group, to which United States Gauge belonged as did Aerospace Products, acquired by AMETEK in 1989 as the company's only major subsidiary.

1998: Rotron Incorporated in 1998 which mainly manufactures blowers, fans and motors for the aerospace industry.

2003: Solid state Control Incorporated in 2003 which is involved mainly in providing UPS systems.

2006: Southern Aeroparts Incorporated from Tulsa in 2006 which provides 3rd party maintenance and repair, along with overhaul (MRO) services to the commercial aerospace industry.

2009: High Standard Aviation from Miami in 2009 which is heavily involved in electromechanical/electrical, pneumatic and hydraulic repair services in the aerospace industry.

2010: Atlas Material Testing Technology LLC in 2010 which makes innovative weather-testing instruments along with other industrial testing and consultancy services. Sterling Ultra Precision Instruments in 2010 which is involved in reselling machine tools for the ophthalmic lens market.

2011: EM Test (Switzerland) in 2011 which is a private company making electronic measurement and testing equipment.

2012: O’Brien Corporation in 2012 which is involved in the manufacturing of the Fluid & Gas handling devices along with process analyzers and sample conditioning equipment.

2013: Powervar in 2013 from Waukegan in Illinois which provides UPS and other power management systems. Sunpower Incorporated in 2013, which is mainly involved in space applications, telecommunications, scientific and medical industries.

2015: Global Tubes in 2015 which is mainly involved in the manufacturing of small-diameter high-precision metal tubes that are used extensively in the aerospace industry along with Oil & Gas, Medical, and Nuclear industry.

Building partnerships with our customers by providing world-class products and services.

Its vision is to double the size and profitability of the company over the next five years.