AMETEK acquires Newage Testing Instruments

Leading industrial manufacturer AMETEK acquires Newage Testing Instruments, expanding its materials testing expertise and strengthening its global position for advanced measurement solutions.

Strategic Business Sale Enhances AMETEK’s Materials Testing Capabilities

AMETEK, a leading global manufacturer of advanced instruments, has announced the successful acquisition of Newage Testing Instruments, a Pennsylvania-based company specializing in industrial material testing equipment. This planned exit by Newage aligns with AMETEK’s strategy to expand its expertise in the materials testing industry.

CEO Insights on the Acquisition

Frank Hermance, AMETEK’s CEO, highlighted the synergy between the two companies, stating: “Newage provides an excellent fit with the products offered by our Measurement & Calibration Technologies business. Their hardness testing equipment and technology complement our Lloyd Instruments universal materials testing machines and broaden the range of materials testing solutions we can provide and support through our global sales and service network.”

This business sale strengthens AMETEK’s portfolio, ensuring continued innovation and growth in the materials testing sector.

Expansion of Product Offerings Through Acquisition

The acquisition of Newage Testing Instruments enhances AMETEK’s capabilities by adding cutting-edge automation, application software, and measurement technology. The expanded product line now includes:

Hardness Testing Technology: Essential for analyzing thin materials, small components, and micro-structures.
Material Testing Applications: Serving industries that require precision testing of metals, ceramics, and composite materials.

With Newage’s specialised expertise, AMETEK is well-positioned to meet the increasing demand for high-precision materials testing solutions on a global scale.

Integration into AMETEK Measurement & Calibration Technologies

Newage Testing Instruments will be integrated into AMETEK’s Measurement & Calibration Technologies (M&CT) division, a key part of its Electronic Instruments Group (EIG). This strategic move allows AMETEK to expand its offering of high-precision measurement solutions in the following categories:

Pressure
Temperature
Position
Force
Hardness
Tension and Compression

This acquisition further solidifies AMETEK M&CT’s reputation as a leader in delivering state-of-the-art calibration and measurement technologies to industries worldwide.

Global Impact and Market Reach

AMETEK M&CT operates across multiple countries, ensuring a strong international presence. Key manufacturing and sales territories include USA, UK and Denmark.

With an extensive global sales and service network, AMETEK guarantees long-term support for its customers, reinforcing its status as a trusted provider in industrial, aerospace, process, and power markets.

In 2007, AMETEK’s Electronic Instruments Group (EIG) achieved sales of approximately $1.2 billion, demonstrating the company’s continued growth and market leadership.

By leveraging this planned exit by Newage Testing Instruments, the vendor shareholders are helping AMETEK reinforce its position as a leader in advanced materials testing and industrial measurement technologies. This acquisition not only broadens its product capabilities but also strengthens its global market influence.

Mark Sapsford advised the shareholders of Newage Testing Instruments on the business sale to AMETEK.

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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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