Ametek acquires Okla. firm

Electronic instrument maker Ametek Inc., Paoli, today said it acquired Drake Air, a Tulsa-based provider of heat-transfer repair services to the aerospace industry.

Details of the transaction were not disclosed. Privately held Drake Air has expected annual sales of $15 million, Ametek said.

The acquisition represents an expansion of Ametek's growing presence in the global aerospace maintenance, repair and overhaul services industry, said chairman and chief executive officer Frank Hermance.

Drake Air becomes a unit of Ametek Aerospace & Defense, a supplier of engine and aircraft monitoring systems and other aircraft equipment.

Ametek had 2007 sales of $2.1 billion. Its shares closed up 31 cents yesterday, at $42.41 on the New York Stock Exchange.