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

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.