Founded in 1930, the company was originally known as the American Machine and Metals. The name was changed to AMETEK in the early 1960s to reflect the company’s evolution from providing heavy machinery to manufacturing analytical instruments, specialty materials, and precision components. Today, the company is made up of two major groups that are each composed of their respective divisions. These two major groups are the Electronic Instruments Group and the Electromechanical Group. The groups have a combined total of more than 100 brands that include testing and calibration devices, and monitoring and analytical instruments. They also produce electrical pumps, motors, and interconnects.
AMETEK’s Corporate Growth Plan sprung from four key strategies: Strategic Acquisitions & Alliances, Operational Excellence, Global & Market Expansion, and New Products. The company has been acquiring a number of companies to support its expansion efforts and works to produce new excellent products and further improve their existing ones.
During the 1980s, the company partnered with the California Institute of Technology to assemble hypercube topology computers. Furthermore, they have acquired various businesses beginning 2006 including the Southern Aeroparts, Inc. in 2009, it has acquired High Standard Aviation, Unispec Marketing Pvt. Ltd., Thelsha Technical Services Pvt. Ltd., and Ameron Global, Inc. in 2010, it has acquired more companies including the Sterling Ultra Precision, Imago Scientific Instruments, and Atlas Material Testing Technology LLC, among others. It kept of acquiring businesses in the following years. Their most recent acquisition is that of Creaform, Inc. on October 29, 2013.
AMETEK is listed on the New York Stock Exchange and its common stock is a component of the S&P 400 index as well as the Russell 1000 Growth Index.