© jirsak dreamstime.com
Pennsylvania’s AMETEK acquires IntelliPower
AMETEK Inc. has purchased IntelliPower, designer and manufacturer of high-reliability external battery packs and power conditioners and distribution units for defense and industrial applications.
Headquartered in Southern California, IntelliPower was acquired for approximately USD 115 million and joins AMETEK’s Electronic Instruments Group (EIG), which specializes in advanced analytical, monitoring, testing, calibrating and display instrumentation. AMETEK Chairman and CEO David A. Zapico said, "IntelliPower is an excellent acquisition for AMETEK and is a highly complementary fit with our Power Systems and Instruments Division. IntelliPower is a market leader in ruggedized uninterruptible power solutions and broadens our technological capabilities in this attractive market segment." AMETEK is a publicly-traded company founded in 1930 in Berwyn, Pennsylvania.