Ametek, a global manufacturer of power instruments, has acquired Powervar, a power management systems and UPS supplier, in a deal worth approximately US$128m. Powervar, based in Illinois, US, has an annual sales revenue of US$70m.
Ametek now has an expanded power system range, with the addition of Powervar’s UL and IEC certified products including transformer-based power conditioners and UPS systems. All Powervar products feature isolation transformer technology to provide power and protection.
Powervar will join Ametek’s Electronic Instruments Group that includes advanced monitoring, testing, calibrating, and display instruments with 2012 sales of US$1.9bn.