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Synopsis
AMETEK completed the acquisition of IntelliPower, a provider of high-reliability, ruggedized uninterruptible power systems serving a wide range of defense and industrial applications, for £88m. IntelliPower designs and manufactures a broad portfolio of ruggedized solutions including uninterruptible power systems, external battery packs, power distribution units and power conditioners. These products protect mission-critical applications by utilizing high-efficiency, power-switching technology which can be remotely monitored and managed. "IntelliPower is an excellent acquisition for AMETEK and is a highly complementary fit with our Power Systems and Instruments Division. IntelliPower is a market leader in ruggedized uninterruptible power solutions and broadens our technological capabilities in this attractive market segment," David A. Zapico, AMETEK Chairman and Chief Executive Officer.
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