Enpro Drops $210M In New Acquisition That Opens Doors to Cryogenics, Clean Energy Industries
Portfolio Pulse from Lekha Gupta
Enpro Inc (NYSE:NPO) has agreed to acquire Advanced Micro Instruments, Inc. (AMI) for $210 million in cash. The acquisition is expected to be accretive to Enpro's Sealing Technologies segment, enhancing its portfolio of products for critical environments. The deal is valued at approximately 13x normalized 2023 EBITDA. Enpro's President and CEO highlighted the strategic fit of AMI's analyzer and sensor solutions with their existing offerings. Enpro's cash position as of September 30 was $329.8 million, and its stock closed up 0.79% at $160.12.
December 28, 2023 | 2:11 pm
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Enpro Inc's acquisition of AMI for $210 million in cash is expected to enhance its Sealing Technologies segment and be accretive to revenue growth and adjusted EPS.
The acquisition of AMI is directly related to Enpro's strategic growth and is expected to contribute positively to its financial metrics, which is likely to be viewed favorably by investors. The deal's accretive nature to earnings and the strategic enhancement of the Sealing Technologies segment suggest a positive short-term impact on Enpro's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100