Ametek Completes Acquisition Of Zygo - Quick Facts

(RTTNews) - Ametek, Inc. (AME) has completed its acquisition of Zygo Corp. (ZIGO) for $19.25 per share in cash or about $280 million net of cash acquired.

The completion follows approval from Zygo shareholders and the receipt of all regulatory approvals. As a result of the completion of the merger, the common stock of Zygo will no longer be listed for trading.

Zygo joins Ametek as part of its Ultra Precision Technologies Division within the firm's Electronic Instruments Group.

Zygo provides optical metrology solutions, high precision optics, and optical assemblies for use in a wide range of scientific, industrial, and medical applications.

For the calendar year ended December 31, 2013, Zygo had sales of around $162 million.

Frank Hermance, Ametek Chairman and CEO, said, "Zygo's leading position in non-contact optical metrology nicely complements our strength in contact metrology and will enable us to offer our customers a full range of metrology solutions."