AMETEK Agrees $5 Billion Cash Acquisition of Indicor Instrumentation with $1.1B Sales
AMETEK will acquire Indicor Instrumentation’s portfolio of industrial and scientific instrumentation businesses for approximately $5.0 billion in cash. Indicor generates about $1.1 billion of annual sales and will integrate into AMETEK’s Electronic Instruments and Electromechanical groups following a second-half 2026 close funded by existing credit and new debt issuance.
1. Acquisition Details
AMETEK has entered a definitive agreement to acquire Indicor Instrumentation’s portfolio for approximately $5.0 billion in an all-cash transaction. The deal is expected to close in the second half of 2026 once customary conditions and regulatory approvals are met.
2. Indicor Instrumentation Business
Indicor Instrumentation designs and manufactures mission-critical instrumentation solutions serving industrial and scientific markets. The acquired businesses generate about $1.1 billion in annual sales and a substantial recurring revenue base from consumables, services and aftermarket support.
3. Strategic Rationale and Integration
AMETEK will integrate the acquired units into its Electronic Instruments Group and Electromechanical Group based on product alignment. The acquisition adds differentiated technologies and complementary market positions that support AMETEK’s goal of double-digit EPS growth and expanded market presence.
4. Financing and Timeline
Funding will be sourced through borrowings under AMETEK’s existing credit facility and issuance of new debt. The transaction remains subject to customary closing conditions, with the company targeting a second-half 2026 completion.