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AMETEK Acquires Kern Microtechnik

1. AMETEK acquired Kern Microtechnik for precision machining solutions. 2. Kern specializes in sub-micron accuracy for various critical sectors. 3. This acquisition enhances AMETEK's market expansion and technological synergy. 4. Kern generated annual sales of around €50 million. 5. AMETEK aims for double-digit earnings growth following its growth model.

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Why Bullish?

This acquisition aligns with AMETEK's growth strategy and may drive future revenues. Previous strategic acquisitions have benefited AMETEK's stock performance.

How important is it?

The article covers an important acquisition that could significantly influence AMETEK's market position and earnings. It highlights growth potential in key sectors.

Why Long Term?

The integration of Kern could enhance AMETEK's capabilities sustained over years. Past acquisitions have shown long-term revenue improvements for AMETEK.

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NYSA: AMEOTCMKTS: KERN
, /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the acquisition of Kern Microtechnik, a leading manufacturer of high-precision machining and optical inspection solutions. Kern specializes in the design and manufacture of ultra-precision manufacturing solutions capable of achieving sub-micron level accuracy. Kern's advanced product portfolio includes high-precision machining solutions and optical tool inspection systems. Their highly engineered solutions support a wide range of applications that demand exceptional precision, including within the medical, semiconductor, research, and space markets.  "We are excited to welcome the Kern Microtechnik family to AMETEK," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Kern is an outstanding strategic fit with our Ultra Precision Technologies division, providing attractive technology, market and geographic expansion synergies. We look forward to leveraging our respective design and engineering capabilities to further advance our precision manufacturing capabilities."   Kern is headquartered near Munich, Germany and has annual sales of approximately €50 million. Kern will join AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation. Corporate ProfileAMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500. For more information, visit www.ametek.com. Contact:Kevin ColemanVice President, Investor Relations and Treasurer[email protected]Phone: 610-889-5247 SOURCE AMETEK, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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