AMETEK Acquires American Reliance Power Division
AMETEK, Inc. announced that it has acquired assets comprising substantially all of American Reliance’s Power Division (AMREL Power), a provider of highly differentiated dc power supplies and electronic loads for the automated test equipment market.
The El Monte, California, business joins AMETEK’s San Diego-based Programmable Power Division, described as a leader in programmable power sources for testing electrical and electronic products for a wide variety of Test & Measurement and Process Power applications.
"AMREL Power is an excellent fit with our programmable power business," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "This acquisition further broadens the scope and strengthens our position in this business, especially in high power programmable electronic loads for industrial, military and alternative energy applications."
"AMREL Power’s products fully complement our existing line of programmable power supplies and electronic loads. Our combined product line now allows us to offer a complete portfolio of programmable power products to the automated test equipment market. The addition of AMREL Power also provides us with attractive new opportunities in solar power, fuel cell and battery testing applications," added Hermance.
AMREL Power 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 process, aerospace, power and industrial markets worldwide and had 2009 sales of $1.1 billion.