Navitar Inc. has been acquired by AMETEK Inc., a Pennsylvania-based global manufacturer of electronic instruments and electromechanical devices.
AMETEK – which logged sales of $5.5 billion in 2021 – acquired Rochester-based Navitar, along with Canadian firm RTDS Technologies Inc., for roughly $430 million.
The two firms log annual sales of some $100 million, AMETEK reported.
“These businesses nicely complement our existing capabilities and strategically expand our presence in highly attractive secular growth areas,” said David A. Zapico, AMETEK chairman and CEO, in a statement. “AMETEK continues to strengthen our portfolio through the acquisition of market-leading businesses with innovative, advanced technology solutions.”
Both companies join AMETEK as part of its Electronic Instruments Group.
Navitar is a provider of advanced optical components and solutions for high precision applications across a diverse set of end markets, including medical and life sciences, machine vision and robotics, and industrial automation.
Its products range from high magnification motorized zoom imaging systems to fisheye projection lenses.
Navitar was launched in 1972 as D.O. Industries. Julian and Jeremy Goldstein purchased Navitar in 1994 from their father, David Goldstein.
[email protected] / (585) 653-4021
The board approved a proposal for $27.5 million in previously committed New York State funding to invest $23 m[...]
March 9, 2023
Precision OT is a system engineering and integration company focused on optical transceivers and related optic[...]
February 28, 2023
EMF, a division of Omega Optical Holdings, has named Darrick Dutcher its general manager, overseeing operation[...]
February 23, 2023
Since its inception Circle Optics has secured contracts valued at some $3.7 million, has a dozen patents award[...]
February 1, 2023
Founded in 1972, JML has 70,000 square feet of space on Linden Avenue dedicated to the design, production and[...]
January 17, 2023
Sign up for your daily digest of Rochester News.
Rochester’s legal cannabis industry can finally move forward thanks to settlement
Bausch + Lomb begins production of new contact lenses at Rochester facility
City of Rochester launches public safety internship program
Student apartments near U of R sell for $10.2M
Plasma collection company expands into Rochester
Cybersecurity: June 29
Planning for Retirement/Wealth Management: July 20
Business of Cannabis: Aug. 24
Employee Benefits: Sept. 21
Health Care: Oct. 19