AMETEK acquires MOCON, Inc.

AMETEK acquired MOCON, Inc. for approximately $182 million, a transaction completed in June 2017, structured as all-cash merger at $30.00 per share, net of cash acquired.

MOCON, Inc. operates in Electronic Instruments Group (Process and Analytical Instruments Division). A provider of laboratory and field gas analysis instrumentation to research laboratories, production facilities and quality control departments in food and beverage, pharmaceutical and industrial applications, acquired in June 2017.

MOCON's products and technologies complement the company's existing gas analysis instrumentation business and provide opportunities to expand into the growing food and pharmaceutical package testing market.

As the global leader in gas analysis instrumentation for package and permeation testing, MOCON helps us expand our gas analysis instrumentation business in the growing food and pharmaceutical packaging markets.David A. Zapico, AMETEK Chief Executive Officer

Advisory firms were not disclosed for this transaction.

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