AMETEK Inc. has acquired Atlas Material Testing Technology LLC, a provider of weathering test instruments and related testing and consulting services, from Industrial Growth Partners for approximately $159 million in cash.
Atlas is headquartered in Chicago, with additional manufacturing operations in Germany and a network of outdoor and laboratory testing facilities around the globe.Â It has expected 2011 sales of approximately $85 million. Its offerings include testing for solar products.
Atlas joins AMETEK as part of AMETEK Measurement & Calibration Technologies, a division of AMETEK's Electronic Instruments Group.
SOURCE: AMETEK Inc.