AMETEK, Inc. announced the completion of two acquisitions; Brookfield Engineering Laboratories and ESP/SurgeX. These businesses will allow AMETEK to expand its presence in laboratory instrumentation and power protection, two attractive growth platforms. Following the acquisitions, Brookfield Engineering has officially changed its name to Brookfield AMETEK.
Brookfield was acquired for around $167 million, after showing annual sales of $55 million. ESP/SurgeX has annual sales of $40 million, and was acquired for around $130 million.