AMETEK Inc. officials announce that it has entered into a definitive agreement to acquire the parent company of Dunkermotoren GmbH, a leader in advanced motion control solutions for a wide range of industrial automation applications. The privately held manufacturer has expected 2012 sales of approximately euro 155 million (about $200 million) and is headquartered in Bonndorf, Germany.
AMETEK is acquiring the business from Triton, a European private equity firm. Expected closing of the acquisition, which is subject to German government approval as well as normal closing conditions, is for the second quarter.
"We are excited about the opportunity to acquire an outstanding company in Dunkermotoren," says Frank S. Hermance, AMETEK chairman and CEO. "Dunkermotoren is a global leader in highly engineered advanced motion control solutions for niche applications. It is an excellent strategic and highly complementary fit with our Precision Motion Control business. It expands our leadership position in niche rotary and linear motion applications. In addition, it broadens our manufacturing capabilities in both Europe and China, and greatly expands our presence in key industrial end markets."
Dunkermotoren is a leader in advanced brush and brushless motion control solutions for a wide range of industrial automation applications, including factory equipment, office machines, medical devices, and laboratory equipment. In addition to its facility in Bonndorf, Germany, Dunkermotoren has manufacturing operations in China and Serbia.
The business joins AMETEK as part of AMETEK Precision Motion Control, a division of AMETEK's Electromechanical Group (EMG).