AcquisitionsMay 6, 2026, 02:41 PM
AMETEK to Acquire Indicor Instrumentation for $5.0 Billion
AI Summary
AMETEK, Inc. announced a definitive agreement to acquire a portfolio of instrumentation businesses from Indicor, LLC for approximately $5.0 billion in an all-cash transaction. Indicor Instrumentation generates about $1.1 billion in annual sales and has profitability levels consistent with AMETEK. The company expects the acquisition to be cash earnings accretive in Year 1 and generate strong returns on capital, with projected annualized synergies of 10% to 12% of sales. The transaction is subject to customary closing conditions and regulatory approvals, with an anticipated close in the second half of 2026.
Key Highlights
- AMETEK to acquire Indicor Instrumentation for approximately $5.0 billion in an all-cash transaction.
- Indicor Instrumentation generates approximately $1.1 billion in annual sales.
- The acquisition is expected to be cash earnings accretive in Year 1.
- Annualized synergies are projected to be 10% to 12% of sales.
- AMETEK plans to fund the acquisition through existing credit facility and new debt issuance.
- Expected leverage at closing is approximately 2.3x EBITDA.
- The transaction is expected to close in the second half of 2026.