AMETEK completed the acquisition of Telular from Avista Capital Partners for $525m.

AMETEK completed the acquisition of Telular, a provider of communication solutions for logistics management, tank monitoring and security applications, from Avista Capital Partners for $525m. “We are very excited about the acquisition of Telular. Their software-enabled IoT solutions drive attractive, recurring revenue along with long-term customer relationships. The combination of Telular’s IoT capabilities and AMETEK’s highly differentiated measurement technology provides additional growth opportunities for our businesses,” David A. Zapico, AMETEK Chairman and Chief Executive Officer.