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Announced

Completed

AMETEK completed the acquisition of Abaco Systems from Veritas Capital for $1.4bn.

Financials

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Transaction Value£973m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales4.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Friendly

Single Bidder

Digital Services

Majority

United States

computing systems

Private Equity

Private

Domestic

Synopsis

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AMETEK, a global manufacturer of electronic instruments and electromechanical devices, completed the acquisition of Abaco Systems, a provider of mission critical embedded computing systems, from Veritas Capital, an investment firm, for $1.4bn. "We are excited for the opportunity to acquire Abaco Systems. Their market leading embedded computing solutions are ideally positioned across a number of attractive aerospace and defense platforms, further broadening our differentiated product offering serving these markets," David A. Zapico, AMETEK Chairman and CEO.

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