AMETEK Acquires Atlas Material Testing Technology

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. 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.

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