AMETEK acquires Powervar

BERWYN, USA: AMETEK Inc. announced that it has acquired Powervar, a leading provider of power management systems and UPS systems, for approximately $128 million. Headquartered in Waukegan, IL, the privately held company has annual sales of approximately $70 million.

Powervar provides highly engineered and customized products designed to deliver reliable, high-quality power to critical applications. It offers an industry-leading product line and a broad range of UL and IEC certified products.

Its transformer-based power conditioners and UPS systems serve a wide range of end markets, including medical, life sciences, industrial, retail and telecommunications. Its products feature a unique isolation transformer technology that is key to providing quality power and protection.

Frank S. Hermance, AMETEK chairman and CEO notes: "Powervar is an excellent addition to our power systems and instruments business. Its strong presence in medical and life sciences provides our power businesses with excellent new growth opportunities in these attractive market segments. Its products are highly complementary to our existing power quality and UPS systems. In addition, Powervar provides world-class applications expertise, considerable new product development capability, and best-in-class product quality."

Powervar has its manufacturing operations in Waukegan and sales and service offices in Canada, Germany, Mexico and the United Kingdom. It joins AMETEK as part of its EIG, a recognized leader in advanced monitoring, testing, calibrating, and display instruments with 2012 sales of $1.9 billion.