AMETEK acquires Aero Components International and Avtech Avionics and Instruments

AMETEK (AME) announced the acquisitions of Aero Components International (ACI) and Avtech Avionics and Instruments (Avtech), both privately owned, FAA-certified aviation repair operations located in Miami, FL. ACI repairs and overhauls fuel, hydraulic, pneumatic, power generation and heat exchanger components and is one of the few independent aviation repair shops with fuel repair capabilities. Avtech’s expertise is in the repair and maintenance of next generation and legacy avionics and instruments. Each business operates separate facilities located near AMETEK’s High Standard Aviation aerospace maintenance, repair and overhaul (MRO) operation. “Our acquisition of ACI and Avtech represents a further expansion of AMETEK’s global aerospace MRO capabilities. Together with our other MRO acquisitions and organic expansion activities, AMETEK now has a significant and growing presence in this attractive market,” comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.