AMETEK acquired MOCON, Inc. for approximately $182 million, a transaction completed in June 2017, structured as all-cash merger at $30.00 per share, net of cash acquired.
MOCON, Inc. operates in Electronic Instruments Group (Process and Analytical Instruments Division). Acquisition of MOCON, Inc. (NASDAQ: MOCO), a global leader in gas analysis instrumentation for package and permeation testing serving food and beverage, pharmaceutical, and industrial applications. MOCON had calendar 2016 sales of approximately $63 million. Announced April 17, 2017 and completed June 22, 2017.
MOCON expands AMETEK's gas analysis instrumentation business in the growing food and pharmaceutical packaging markets.
As the global leader in gas analysis instrumentation for package and permeation testing, MOCON helps us expand our gas analysis instrumentation business in the growing food and pharmaceutical packaging markets.David A. Zapico, AMETEK Chief Executive Officer
Advisory firms were not disclosed for this transaction.