McNally Capital To Sell Advanced Micro Instruments, Inc. To Enpro Inc.; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
McNally Capital has agreed to sell Advanced Micro Instruments, Inc. (AMI) to Enpro Inc. (NYSE:NPO). AMI, a leading analyzer and sensor manufacturer, has been under McNally's ownership since 2014 and has seen significant growth and product development. The transaction is expected to close in early 2024, pending regulatory approvals. Financial terms of the deal were not disclosed. Enpro is set to benefit from AMI's established position in various markets, including natural gas and biogas, and its proprietary sensing technologies.
January 03, 2024 | 5:30 pm
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Enpro Inc. is acquiring Advanced Micro Instruments, a company with strong market presence and proprietary technologies in the analyzer and sensor industry. This acquisition could enhance Enpro's product offerings and market reach.
The acquisition of AMI by Enpro is likely to be viewed positively by investors as it could lead to an expanded product line and potential revenue growth. The deal is expected to close in early 2024, which provides a clear future growth catalyst for Enpro. However, since the financial terms were not disclosed, the impact on the stock price cannot be fully assessed.
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