October 30, 2024
Lévis, Québec, October 31, 2024— AMETEK, Inc. (NYSE: AME) today announced the acquisition of Virtek Vision International, a leading provider of advanced laser-based projection and inspection systems.
Virtek specializes in the development and manufacturing of advanced 3D laser projectors, smart cameras, and quality control inspection systems, powered by AI-driven software and algorithms. Their innovative machine vision solutions provide customers with precise, virtual laser guided measurement and inspection capabilities to help automate complex assembly processes and improve manufacturing efficiencies across a wide range of aerospace, defense and industrial applications.
"We are excited to welcome Virtek to the AMETEK family," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Virtek is an outstanding acquisition and an excellent strategic fit with our Creaform business. Their strong technology capabilities nicely complement Creaform’s enabling a broader suite of automated 3D scanning and inspection capabilities supported by advance software and algorithms.”
Virtek is headquartered in Waterloo, Canada and has annual sales of approximately $40 million. Virtek will join AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.
Corporate Profile
AMETEK (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, New Product Development, 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.
About Creaform
Boasting two decades of experience shaping the future of dimensional metrology, Creaform assists their customers achieve their measurement ambitions through cutting-edge 3D solutions. With its extensive hardware and software portfolio, Creaform enables its users to experience innovation firsthand through 3D scanning, reverse engineering, quality control, non-destructive testing, product development, and MRO. Thousands of professionals in various industries, like automotive, aerospace, manufacturing, heavy industries, oil and gas, power generation, consumer products, research and education, have discovered that with Creaform, Innovation Takes Form.
Headquartered in Lévis, Québec, Creaform is present in more than 85 countries, through its 26 locations all around the world and a network of over a hundred distributors. A presence that enables the company to build relations and provide unmatched customer service. Creaform is a business unit of AMETEK, Inc., a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of over $7.0 billion.