Ametek acquires Xantrex programmable power supply business

3rd March 2009

ES Admin

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TTi Instrument Distribution has announces the acquisition of the programmable power business of Xantrex Technology by AMETEK, Inc. for $120 million in cash. Based in San Diego, California, USA, the Xantrex Programmable Power division is a leader in AC and DC programmable power supplies, with annual sales of approximately $80 million.

Xantrex Programmable Power is a leader in programmable AC and DC power sources used to test electrical and electronics products by simulating various input voltages, frequencies and potentially harmful line transients. Its products are used in design verification testing, manufacturing, quality assurance and regulatory compliance by its customers in a wide range of industries including aviation, military, and general electronics.

‘Xantrex Programmable Power will be an excellent acquisition for AMETEK’, commented Frank S. Hermance, AMETEK Chairman and Chief Executive Officer: ‘It enjoys a strong reputation within the power industry and its products complement those offered by AMETEK Power Instruments.’

Xantrex Programmable Power significantly expands AMETEK’s position in the niche market for programmable power sources, and provides further opportunities for growth in the highly attractive electronic test and measurement equipment market.

Xantrex Programmable Power will join AMETEK as part of its Electronic Instruments Group (EIG), a recognised leader in advanced monitoring, testing, calibrating, and display instruments. AMETEK EIG sells its instruments to the process and analytical, aerospace, power and industrial markets worldwide, and had 2007 sales of $1.2 billion.

The existing Xantrex product lines will be rebranded using the Sorenson brand. Sorenson was acquired by Xantrex in 2006 and has a long and respected history in the programmable power market. Distribution of the Ametek Programmable Power, Sorenson and Elgar brands remains with TTi Instrument Distribution in the UK.