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Ametek acquires Minneapolis firm
Ametek Inc., Paoli, whose growth plan includes an agressive acquisition program, today said it bought customized-motor-maker Motion Control Group, of Minneapolis.
Ametek Inc., Paoli, whose growth plan includes an agressive acquisition program, today said it bought customized-motor-maker Motion Control Group, of Minneapolis.
Terms of the deal were not announced. Ametek said Motion Control has annual sales of about $26 million.
The acquired company will become becomes part of Ametek's Technical & Industrial Products unit.
Ametek, which makes electronic instruments for a range of industries including health care and aeronautics, had 2007 sales of about $2.1 billion. Shares closed yesterday up 51 cents, to $43.78 on the New York Stock Exchange.