AMETEK Has Acquired Virtek Vision, Provider Of Advanced Laser-based Projection And Inspection Systems, Deal Terms Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
AMETEK has acquired Virtek Vision, a Canadian company specializing in laser-based projection and inspection systems. Virtek will become part of AMETEK's Electronic Instruments Group. The financial terms of the deal were not disclosed.
October 31, 2024 | 11:15 am
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AMETEK has acquired Virtek Vision, a company with $40 million in annual sales, to enhance its Electronic Instruments Group. This acquisition could strengthen AMETEK's market position in advanced laser-based systems.
The acquisition of Virtek Vision by AMETEK is likely to have a positive impact on AMETEK's stock price in the short term. Virtek's $40 million in annual sales and its advanced technology in laser-based systems will strengthen AMETEK's Electronic Instruments Group, potentially leading to increased revenues and market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90