AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 220 sites worldwide. The company was founded in 1930. The company's original name, ''American Machine and Metals'', was changed to AMETEK in the early 1960s, reflecting AME's evolution from a provider of heavy machinery to a manufacturer of analytical instruments, precision components and specialty materials. AMETEK has been ranked as high as 402 on the Fortune 500. The firm has also consistently been on the Fortune 1000 rankings list as well as the Fortune Global 2000. The overall strategy for the organization is made up of 4 components: Operational Excellence (cost control), New Product Development, International/Market Expansion, and Acquisitions. The firm has two operating groups (the ''Electronic Instruments Group'' and the ''Electromechanical Group''). Together, these groups and their divisions comprise over 100 brands, including analytical instruments, monitoring, testing and calibration devices as well as electrical motors, pumps and interconnects. The company's headquarters are in

Berwyn, Pennsylvania Berwyn is a census-designated place (CDP) in Chester County, Pennsylvania. The population was 3,775 at the 2020 census. The area is part of the Philadelphia Main Line suburbs. History At times, the village has been called Cocheltown, Reesevi ...

. AMETEK is listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

. Its common stock is a component of the

S&P 500 The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of D ...

index and the

Russell 1000 The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weight ...

index.

Acquisition history

History prior to 1999 is incomplete.

Divisions

Abaco Rugged embedded electronics used in various industries. Aerospace & Defense Engine and avionics. Other aviation products and components.

Creaform

Creaform manufactures

metrology Metrology is the scientific study of measurement. It establishes a common understanding of units, crucial in linking human activities. Modern metrology has its roots in the French Revolution's political motivation to standardise units in Fran ...

and 3D engineering devices for use in shop-floor environments It is based in Lévis,

Quebec Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...

, Canada. The company was founded in 2002 by Martin Lamontagne and two co-workers at Modelex. It began with a $200,000 loan from the

Business Development Bank of Canada The Business Development Bank of Canada (BDC; french: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses thro ...

. In 2009, the company sold its 1000th laser scanner, priced from $50 –100,000. Creaform was acquired by Ametek in 2013 for $120 million in cash. At the time, Creaform had annual sales of $52 million. In 2017, Creaform opened a new, $20 million, headquarters in Levis. The 76,000 square foot headquarters is double the size of the old one, allowing Creaform to triple its production. Heavy Vehicle and OEM Motors, blowers, pumps, and other parts for heavy trucks and vehicles. Materials Analysis and Imaging Includes imaging products used in TV and movie production and tools such as Ion Mass spectrometers, electron Probe Microanalysis, Low-energy electron induced X-ray emission spectrometry, and atom Probe tomography. Rauland Healthcare (hospitals) and Education (schools) communication systems. Oil & Gas / Power Products for use in refineries and labs. Includes process analyzers, fuel analyzers, sample conditioning and heated and jacketed tubing.

References

External links

Ametek website

Company profile at Reuters

Creaform website
{{Authority control 1930 establishments in Pennsylvania American companies established in 1930 Companies based in Chester County, Pennsylvania Companies listed on the New York Stock Exchange Conglomerate companies of the United States Manufacturing companies based in Pennsylvania American brands