Ametek Acquires Pulsar Technologies, Inc.
Paoli, PA, February 16, 2006 -- AMETEK, Inc. (NYSE: AME) has acquired privately held Pulsar Technologies, Inc. ("Pulsar"). Based in Coral Springs, FL, Pulsar is a leading designer and manufacturer of specialized communications equipment for the electric utility market with annual sales of approximately $10 million.
"Pulsar is a niche-focused business that broadens our product offering for the electric power market and expands our relationships with key customers in this important market segment," commented AMETEK Chairman and Chief Executive Officer Frank S. Hermance. "The addition of Pulsar's communications hardware complements AMETEK's existing Power Instruments business, which produces power quality monitoring and metering instrumentation."
Pulsar is a leading supplier of power line carrier systems for relay communications equipment and fully integrated multiplexer systems for general power and telecommunication applications. This equipment provides communications between power substations for the protective relays on electric power lines to facilitate their operation and provide critical feedback on the faults and functioning of the electric transmission grid.
Pulsar joins AMETEK as part of its Electronic Instruments Group (EIG) --a recognized leader in advanced monitoring, testing, calibrating, and display instruments. AMETEK EIG sells its instruments to the process and analytical, aerospace, power, and industrial markets worldwide and had 2005 sales of $808 million.
