About This Deal

AMETEK acquired Crank Software for part of approximately $270 million deployed across three acquisitions (Magnetrol, Crank Software, EGS), a transaction completed in March 2021.

Crank Software operates in EIG, is based in Ottawa, Canada. Headquartered in Ottawa, Canada, Crank Software is a leading provider of embedded graphical user interface (GUI) software and services. Its flagship Storyboard platform enables the design and development of customized user experiences in a wide range of embedded products.

An exciting acquisition and an excellent addition to AMETEK's growing portfolio of software solutions; the award-winning Storyboard platform and service capabilities are positioned well to capitalize on demand for embedded user interfaces.

Award-winning embedded GUI software platform expanding AMETEK's software capabilities. Expands AMETEK's growing portfolio of software solutions. Electronic Instruments Group (EIG)

Deal Terms

Acquirer
AMETEK
Target
Crank Software
Value
Part of approximately $270 million deployed across three acquisitions (Magnetrol, Crank Software, EGS)
Date
March 2021
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Ottawa, Canada
Segment
EIG
Closed
March 1, 2021
Synergies
Expands AMETEK's growing portfolio of software solutions.

In Their Words

Crank Software is an exciting acquisition for AMETEK and an excellent addition to our growing portfolio of software solutions. Their award-winning Storyboard platform and service capabilities are positioned well to capitalize on demand for embedded user interfaces.David A. Zapico, Chairman and CEO, AMETEK

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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