AMETEK Acquires Two Aerospace Businesses

Paoli, PA - AMETEK, Inc. announced the acquisition of two privately held aerospace businesses that serve the business jet, regional jet and helicopter markets. These businesses, with expected annual sales of approximately $25M, strengthen AMETEK's position in the aircraft power management and third party maintenance, repair and overhaul services (MRO) markets, according to the company.

"These businesses serve the expanding business and regional jet markets, have well-established relationships with the key aircraft manufacturers and provide AMETEK with a strategic footprint in Wichita. They each have an excellent reputation within the aerospace industry and offer an excellent fit with our existing aerospace business," notes AMETEK Chairman and Chief Executive Officer Frank S. Hermance.

Advanced Industries, Inc. manufactures starter generators, brush and brushless motors, vane-axial and centrifugal blowers for cabin ventilation, and linear actuators for the business jet, light jet and helicopter markets. These differentiated products complement our AMPHION product line of power management products for the aerospace industry and will broaden our product offering in the power management subsystem market.

B&S Aircraft Parts & Accessories (B&S) provides third party MRO services, primarily for starter generators and hydraulic and fuel system components, for a variety of business aircraft and helicopter applications. B&S is the second acquisition AMETEK has made recently in the third party MRO market, building on its position in this attractive market. In December 2006 AMETEK acquired Southern Aeroparts, Inc.

SOURCE: AMETEK Aerospace & Defense