Ametek buys Xantrex power unit
Ametek, the Paoli-based motors and electronics maker, picks up a piece of Xantrex as that Canadian engineering company is sold to France's Schneider Electric.
Ametek, Paoli, buys Xantrex Technology's programmable-power unit in San Diego for $120 million cash as Xantrex is sold to France's Schneider Electric SA for $409M. Xantrex-Ametek story here. Xantrex-Schneider story here.
Q&A with Ametek corporate development director Kevin Coleman re Ametek's earlier acquisition of Reading Alloy. Link to Association for Corporate Growth link here.