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AMETEK Inc. Acquires Spectro

Spectro Scientific, Chelmsford, Mass., a major supplier of fluid analysis instrumentation and software, has been purchased by Ametek Inc., Berwyn, Pa., a global manufacturer of electronic instruments and electromechanical devices. Spectro Scientific specializes in analytical instrumentation and software for machine condition monitoring. Spectro Scientific’s product offerings include spectrometers for wear metal analysis, lubricant degradation and contamination analyzers, particle analysis instruments, complete turnkey systems for oil or fuel analysis laboratories, and the TruVu 360 enterprise fluid intelligence data management platform. Spectro, privately held with annual sales of approximately $50 million, was acquired for approximately $190 million. It joins Ametek as part of its Electronic Instruments Group, which has annualized sales of $3 billion.

“Our mission over the last several years has been to focus on new technology development, strategic company and product acquisitions, and the continual improvement of Spectro products to provide our customers with the advanced, precise, and convenient fluid analysis tools,” says Brian Mitchell, Spectro Scientific president and CEO. “Our customers can be assured that the legacy of support and innovation will continue.”

“Spectro is an excellent acquisition for AMETEK,” adds David A. Zapico, AMETEK chairman and CEO. “Their differentiated solutions serve an increasing need for predictive maintenance in a broad and growing set of end markets, including military and defense, process industrial, power generation, and transportation. Spectro’s solution offering nicely complements our strategy to integrate instrumentation data into cloud-based software and analytics.”

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