AMETEK acquired Magnetrol International for part of approximately $270 million deployed across three acquisitions (Magnetrol, Crank Software, EGS), a transaction completed in March 2021.
Magnetrol International operates in EIG, is based in Aurora, Illinois. Headquartered in Aurora, Illinois, Magnetrol is a leading provider of level and flow control solutions for challenging process applications across a diverse set of end markets including medical, pharmaceutical, oil and gas, food and beverage, and general industrial.
Magnetrol nicely complements AMETEK's Sensors, Test and Calibration (STC) business; combined, Magnetrol and STC become an industry-leading, differentiated sensor platform with a broad range of level and flow measurement solutions.
Mission-critical level and flow control products serving diverse process end markets. Combines with AMETEK's Sensors, Test and Calibration business to form a differentiated level/flow sensor platform. Electronic Instruments Group (EIG), Sensors, Test and Calibration (STC)
Magnetrol is an excellent acquisition for AMETEK and nicely complements our Sensors, Test and Calibration (STC) business. Combined, Magnetrol and STC become an industry leading, differentiated sensor platform with a broad range of level and flow measurement solutions.David A. Zapico, Chairman and CEO, AMETEK
Advisory firms were not disclosed for this transaction.