AMETEK acquires Newage Testing Instruments

Leading industrial manufacturer strengthens materials testing capabilities

Acquisition Overview

US-based multinational AMETEK, a global leader in advanced instruments, has announced the acquisition of Newage Testing Instruments, a Pennsylvania-based manufacturer of industrial material testing equipment.

This strategic acquisition was led by Mark Sapsford, with the goal of finding the right buyer and the best price and terms for his client.

CEO Statement

Frank Hermance, AMETEK’s CEO, emphasized the strong alignment between Newage and AMETEK’s existing product lines, saying:

"Newage provides an excellent fit with the products offered by our Measurement & Calibration Technologies business. Their hardness testing equipment and technology complements our Lloyd Instruments universal materials testing machines and broadens the range of materials testing solutions we can provide and support through our global sales and service network."

Enhanced Product Line

The acquisition of Newage adds market-leading automation, application software, and differentiated measurement technology to AMETEK’s growing portfolio. This move allows AMETEK to expand its reach in key sectors, including:

Hardness Testing Technology: Vital for measuring thin materials, small parts, and micro-structures.
Material Testing Applications: Including metals, ceramics, and composite materials.

With Newage’s expertise, AMETEK is now better positioned to meet the rising demand for precision materials testing solutions worldwide.

AMETEK Measurement & Calibration Technologies (M&CT)

Newage Testing Instruments will become part of AMETEK’s Measurement & Calibration Technologies (M&CT) division, a key component of AMETEK's Electronic Instruments Group (EIG).

AMETEK M&CT specializes in designing, manufacturing, and distributing sensor-based instruments and calibration systems for accurate measurement of:

Pressure
Temperature
Position
Force
Hardness
Tension and Compression

This acquisition broadens AMETEK M&CT's already extensive capabilities in delivering high-precision instruments to industries worldwide.

Global Reach and Expertise

AMETEK M&CT serves a diverse, global customer base through its manufacturing operations in:

United States
United Kingdom
Denmark

With a worldwide network of sales and service locations, AMETEK ensures ongoing support for its customers, reinforcing its reputation as a trusted leader in the industrial, aerospace, process, and power markets. In 2007, AMETEK EIG achieved sales of approximately $1.2 billion.

Client feedback

"Selling your business is a stressful, complicated process.

"The prospect of continuing operations, while seeking prospective suitors in a clandestine manner, is more than a bit daunting if not overwhelming.

"Recognising that, my partner and I were fortunate in meeting Mark Sapsford.

"Mark directed a team of M&A pros with aplomb. He not only prepared us to sell, but kept us intimately informed as the process of selling our business progressed.

"Mark made sure that no detail was left to chance. He skilfully assisted me in putting together a presentation for prospects that would pique their interest, and enable them to see the value of the company.

"Mark presented us with 10 capable prospective buyers. He lead the meetings in a comfortable, professional manner. When it was time to tender offers, Mark acted as our negotiator.

"We [had] two large multinational firms put forth offers. Quite frankly, both offers, as initially received, exceeded our expectations! Mark worked these two and got them to increase their offers by approximately 25%!

"Once we made our decision, Mark reviewed and made suggestions on the sales agreement.

"At the end of the day, We feel that Mark minimised the disruption of our day-to-day operation, and minimised my partner and my stress levels.

"Additionally, Mark found a great match in the buyer, ensuring the longevity of our company. Equally important, Mark represented our company in a manner that maximized our return!"

Douglas McGhee, President

Newage Testing Instruments

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