Ametek Overview

Ametek Overview 

Ametek, Inc., is a global conglomerate and multinational manufacturing company dealing with designing and manufacturing all kinds of electronic devices and electro-mechanical instruments in the United States and by extension, across the globe. The company’s headquarters is based in the heart of Berwyn, Pennsylvania, United States. Ametek, Inc., was founded initially, as American Machine and Metas in the year 1930, and was later changed to Ametek in the early years of the 1960s. Ametek, Inc., operates as one of the leading companies in the electronic and electromechanical industry, and by specification, the company is ranked as high as taking 402nd position on the Fortune 500 list. Additionally, the company. has also been listed repeatedly on the Fortune 1000 list as well as the Fortune Global 2000 which comprehensively ranks the efficiency of all companies all around the world. In its entirety, Ametek, Inc., is primarily made up of 4 major parts and segments which are Operational Excellence (i.e cost control), International or Market Expansion, New Product Development, as well as Acquisitions. In addition to this, the company. has two separate operating groups and these are the Electromechanical Group as well as the Electronic Instrument Group. However, all together, these separate groups as well as their divisions have over 100 brands underneath them. These brands however include but are not limited to monitoring, analytical instruments, calibration, and testing devices, as well as pumps and interconnect, and electrical motors. the company. is listed on the public market, the New York Stock Exchange (NYSE) market and its common is a product and component of the Russell 100 index and the S&P 500 index. In this piece, however, you would be shown a comprehensive and extensive review of the company’s dealings and their aspects. As such, all relevant information detailing its historical background, its key facts, its affiliated brands, its financial overview, as well as its pros and cons would be concisely covered to enable you to understand the significant and key major elements of the company as quickly as possible.   

Key Facts 

Years in Existence: Ametek, Inc., was founded in the year 1930, approximately 92 years hitherto 

Brand Strength: Over 175 market-leading brands 

Employee Strength: Ametek, Inc., has over 19, 000 employees in its workforce. 

Industry Type: Electro Conglomerate 

Market Reach: Ametek, Inc., has over 150 operating locations strategically outlaid worldwide across 30 different countries. 

Efficiency Ranking: Ametek, Inc., is listed on the Fortune 500, Fortune 1000, as well as Fortune Global 200 lists. 

Trading Platform: Ametek, Inc., trades on the New York Stock Exchange (NYSE) market, under the ticker name, AME  

History 

Ametek, Inc., as briefed in the introductory portion of this piece was founded in the year 1930, and was initially named American Machine and Metals. However, over the years, the company has gone through several relevant and substantial changes, which affected its cognomen. Thus, this section will give an overview of the company’s major acquisition history as well as its significant events. 

In 1998, on January 12, Ametek, Inc., acquired Rotron Inc., a company that deals with the designing and manufacturing of Aerospace motors, fans, and blowers. The purchase led to the extension of Ametek, Inc., into the Aerospace market.

In the year 199, May 3, Ametek, Inc., bought Gulton-Statham, a manufacturing company of transducers as well as high-accuracy electronic pressure transmitters. Similarly, in the same year, Ametek, Inc., bought Patriot Sensors 7 Controls Corp., a company producing aviation sensors, position sensors as well as tank level gauges. In the same year, on Dec 3, Ametek, Inc., bought Drexelbrook Engineering whose business operation is major on continuous and point-level measurement. 

On May 21, 2001, GS Electric was purchased by Ametek, Inc., The company’s operation focuses on designing permanent and universal magnet motors. Similarly,  during the same year, Ametek, Inc., also acquired Edax Inc., whose sole operation is based on analytic instrumentation. 

In the year 2003, September 8, Ametek, Inc., bought Chandler Engineering and Grabner, a company dealing with production enhancement, drilling, and fuel analysis instruments. 

In the year 2004, on June 21, Ametek, Inc.,  bought Taylor Hobson Holdings Ltd, a company that deals with Ultra-precision measurement instrumentation. And in the same year, Ametek, Inc., also bought the Hughes Treitler Manufacturing Company, a company whose business operation centres on thermal and heat exchangers management subsystems, 

In the year 2005, Ametek, Inc., bought Xtreme Energy a patented technology brand for brushless DC micro motors. On the 7th of September, 2005, the company bought Quizix Inc. and Solartron which deal with precision pumping systems and analytical instruments respectively. 

On the 15th of June 2006, Ametek, Inc., bought Land Instrument International which deals with infrared temperature measurement, emission monitoring as well as combustion efficiency. On the same year, September 28, Ametek, Inc., also bought General Ceramics, a company dealing with Hermetic microelectronic packages. 

On the 5th of June, 2007, Ametek, Inc., bought Advanced Industries Inc., a company dealing with Starter generators. And on Jun 5, Ametek, Inc., also bought Hamliton Precision Metals Inc., a company dealing with precision metal strips. 

On the 21st of February, 2008, Ametek, Inc., bought Motion Control Group which deals with motion control products and customized motors. Similarly, in the same year, Ametek, Inc., also bought Vision Research, a patent that deals with high-speed digital imaging systems. 

In the year 2010, on January 26, Sterling Ultra Precision was also bought by Ametek, Inc., The company deals with Machine tools for the ophthalmic lens.  

In the year 2012, Ametek, Inc., bought Technical Manufacturing Corporation and O’Brien Corp. The two firms deal with optical test benches and vibration isolation systems as well as gas and fluid handling solutions. 

On January 3, 2014, the company bought Teseq Group a company dealing with measurement and test instrumentation for electromagnetic compatibility (EMC) testing. 

In the year 2020, Ametek, Inc., bought IntelliPower a company dealing with uninterruptible power systems. Similarly, Magnetrol International was purchased on the 29th of March 2021, a company dealing with flow measurement, and on the 29th of April the same year, Ametek, Inc., bought Abaco a patent dealing with embedded computing. And lastly, on the 1st of December, 2021, Ametek, Inc., bought Alphasense, a patent dealing with gas and particulate sensors. 

Divisions 

Ametek, Inc., leverages its key divisions to target specific market niches, and consequently provides and avails its customers with a blended and memorable service experience. In this, section, however, the significant divisions under Ametek, Inc., would be briefly outlined for the sake of brevity. 

ABACO 

Rugged and durable embedded electronics are used in several industries. 

AEROSPACE & DEFENSE 

Avionics and Engine, as well as other aviation products and devices. 

CREAFORM 

Deals with the manufacturing and production of metrology and 3D engineering products used in shop floor areas. 

HEAVY VEHICLE & OEM 

Deals with blowers, motors, pumps, as well as other parts for heavy vehicles and trucks. 

MATERIALS ANALYSIS & IMAGING 

Deals with imaging products and tools which are being used in TV and movie production such as Ion Mass spectrometers, Low energy electron-induced X-ray emission as well as atom probe tomography. 

RAULAND 

Deals with Education (schools) and Healthcare (hospital) communication systems. 

OIL & GAS/POWER 

Deals with products used in refineries as well as labs. Additionally, it also includes process analyzers, sample conditioning, jacketed, and heated tubing, as well as fuel analyzers. 

Ametek Financials 

Revenue: 5.55 Billion USD 

Operating Income: 1.31 Billion USD

Net Income: 990 Million USD 

Total Assets: 11.68 Billion USD

Total Equity:  6.87 Billion USD    

Ametek Employees’ review according to Glassdoor

Pros 

Ametek Inc., is reported to have great people in its workforce working together as a team. 

Employees working with the company review the company to be a good place for career growth and development. 

Hands-on experience for staff 

The long-shot of industry experience of Ametek, Inc., helps the company to better diversify efficiently and effectively, hence, providing all its customers with seamless and satisfactory services 

Passion for sustainable development helps the company., to cater to its immediate environment by reducing the carbon footprint of its entire operation, as well as supporting community innovative programs  

Cons  

Ametek, Inc., is reviewed as a company with a poor managerial culture 

It is also reported to have a coercive and rigid policy 

A large and vast corporation with low manpower 

Conclusion 

Ultimately, after a comprehensive review outlined in the preceding lines, it is glaring and obviously clear that Ametek, Inc., is a well-established and stable company with a long stretch of transition history since its inception in 1930. However, it is imperative to note that what made the company achieve its feat today is not its long years of existence, however, the ability to discover and recognized key stakeholders, know their needs and strive to deliver optimum service and relevant support to meet these needs is the major key to Ametek, Inc.’s astounding success and its enlistment in the Fortune 500, 1000, as well as the Fortune Global 2000. That being said, I hope you are able to absorb all the relevant and key information provided above and as promised in the beginning portion of this article.