Berwyn, Penn. (Manufacturing.net) — AMETEK, Inc. (NYSE: AME) today announced its acquisition of Creaform, Inc., for approximately $120 million. The Lévis, Canada-based Creaform is privately-held and has annual sales of approximately $52 million, according to AMETEK. It will join AMETEK as part of its Electronic Instruments Group (EIG), which also features advanced monitoring, testing, calibrating, and display instruments.
Creaform specializes in standalone, portable 3D scanners, which are used to create accurate 3D models and measurements of various objects. Its product line includes several handheld 3D scanners, portable coordinate measuring machines that are used in reverse engineering, dimensional inspection, precision manufacturing and 3D printing. Aside from its Québec City-area headquarters, the company operates innovation centers in Grenoble, France.
Frank S. Hermance, AMETEK Chairman and Chief Executive Officer, said in a statement: “Creaform is an outstanding acquisition. It has an impressive R&D base and an industry-leading position across a number of high growth market applications. Creaform significantly expands the range of non-contact metrology products offered by our Ultra Precision Technology business.”
He added: “Creaform’s innovative, optically-based product line and excellent customer base will expand our metrology sales into attractive segments closely adjacent to those of our existing Taylor Hobson and Solartron Metrology businesses.