AMETEK acquired Pacific Design Technologies (PDT) for approximately $125 million, a transaction completed in September 2019, structured as all cash.
Pacific Design Technologies (PDT) operates in EMG, is based in Goleta, California, had revenue of about approximately $40 million in annual sales. A leading provider of advanced, mission-critical thermal management solutions. PDT designs and manufactures a complete range of custom-engineered, liquid cooling systems and components used in current and next-generation commercial aerospace, defense and space platforms.
An excellent acquisition that enhances AMETEK's position in the attractive aerospace and defense sectors; PDT's innovative technology and differentiated solutions nicely complement AMETEK's deep expertise in thermal management systems.
Innovative, differentiated thermal-management technology for aerospace, defense and space platforms. Complements AMETEK's existing thermal management systems expertise. Electromechanical Group (EMG)
PDT is an excellent acquisition for AMETEK as it enhances our position in the attractive aerospace and defense sectors. The company's innovative technology and differentiated solutions nicely complement our already deep expertise in thermal management systems.David A. Zapico, Chairman and CEO, AMETEK
Advisory firms were not disclosed for this transaction.