AMETEK completed the acquisition of Magnetrol, Crank Software and EGS Automation for $270m.

AMETEK, a global manufacturer of electronic instruments and electromechanical devices, completed the acquisition of Magnetrol, a provider of level and flow control solutions, Crank Software, a provider of embedded graphical user interface software, and EGS Automation, an automation solutions provider, for $270m. "We are pleased to welcome the Magnetrol, Crank Software and EGS teams to AMETEK. Each of these businesses provide AMETEK with unique capabilities which strategically expand our presence in attractive growth areas. We continue to strengthen our portfolio through the acquisition of market-leading businesses with innovative, advanced technology solutions. We are pleased with this recent acquisition activity and continue to manage an active deal pipeline with exciting opportunities for growth," David A. Zapico, AMETEK Chairman and Chief Executive Officer.