Berwyn, PA--Electronic instruments and electromechanical devices manufacturer Ametek acquired Technical Manufacturing Corporation (TMC; Peabody, MA), a manufacturer of vibration isolation systems and optical test benches used to isolate highly sensitive instruments. Privately held TMC has estimated annual sales of approximately $30 million and provides instrumentation for the microelectronics, life sciences, photonics, and ultra-precision manufacturing industries.
"TMC is a great addition to our Electronic Instruments Group (EIG) and an excellent fit with our high-end analytical instruments businesses, including our Ultra Precision Technologies and Materials Analysis divisions. It further broadens our product offerings and expertise in ultra precision manufacturing. TMC has more than 40 years experience in the design and manufacture of high-end vibration isolation equipment and holds a leading market share in that sector of the market," said Frank S. Hermance, Ametek chairman and CEO.
"Many high-end analytical instruments, such as scanning electron microscopes and ultra precision machine tools, require a high-level of vibration isolation. TMC serves the leading manufacturers of life sciences, photonics and semiconductor equipment with a broad range of custom active piezoelectric vibration cancellation systems, based on their patented active piezo technology. They also supply passive vibration cancellation systems, optical test tables, acoustic isolation hoods and magnetic isolation hoods," adds Hermance.
TMC will be part of the Ultra Precision Technologies division of Ametek EIG. Ultra Precision Technologies is a pioneer in the development of ultra precision measurement instruments and a global leader in ultra precise machine tools and manufacturing systems for the semiconductor, photovoltaic, nanotechnology, military, defense and ophthalmic lens markets. Ametek EIG sells its instruments to the process and analytical, aerospace, power, and industrial markets worldwide and had 2010 sales of $1.3 billion.
Ametek is a global manufacturer of electronic instruments and electromechanical devices with annualized sales of $3.0 billion, with an objective of double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of Ametek is a component of the S&P MidCap 400 and the Russell 1000 Indices.
SOURCE: Technical Manufacturing Corporation; www.techmfg.com/pr/AMETEK%20Acquires%20TMC.pdf