AME · 10-Q · 2026Q2 · Full report
Acquisition / Partnership / Divestiture
AMETEK INC/ · 2026-08-04 · Importance 71 · Surprise 60 · Contradicted
AMETEK paid $424.5 million in cash during the first six months to acquire LKC Technologies in January 2026 and First Aviation Services in May 2026. LKC was added to EIG for ophthalmic diagnosis and management technologies, while First Aviation was added to EMG for defense and aviation maintenance, repair and overhaul services and proprietary components. The acquisitions had an immaterial impact on six-month sales, net income and diluted EPS, while the purchase-price allocation included $188.8 million of goodwill and $211.5 million of other intangible assets. On May 5, 2026, AMETEK agreed to acquire Indicor Instrumentation for approximately $5.0 billion in cash; the target has approximately $1.1 billion of annual sales, and closing is expected in the second half of 2026 subject to regulatory approvals.
Key facts
- On May 5, 2026, the Company entered into a definitive agreement to acquire a portfolio of instrumentation business from Indicor, LLC in an all-cash transaction valued at approximately $5.0 billion. source
- The Indicor transaction is expected to close in the second half of 2026 and is subject to customary closing conditions including regulatory approvals. source
- Indicor Instrumentation acquisition announced May 5, 2026 in an all-cash transaction valued at approximately $5.0 billion. source
- The Company spent $424.5 million in cash, net of cash acquired, to acquire LKC in January 2026 and First Aviation in May 2026. source
- For the first six months of 2026, the Company paid $424.5 million, net of cash acquired, to purchase LKC Technologies in January 2026 and First Aviation Services, Inc. in May 2026. source
- The Company paid $424.5 million, net of cash acquired, to purchase LKC Technologies in January 2026 and First Aviation Services, Inc. in May 2026 (a component of cash used by investing activities of $481.5 million). source
- Purchases of businesses, net of cash acquired, for the six months ended June 30, 2026: $424,484 (in thousands). source
- Indicor Instrumentation has annual sales of approximately $1.1 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -25.6% | On May 5, 2026, the Company entered into a definitive agreement to acquire a portfolio of instrumentation business from Indicor, LLC in an… |
| assets | positive | committed | +25.6% | On May 5, 2026, the Company entered into a definitive agreement to acquire a portfolio of instrumentation business from Indicor, LLC in an… |
| cash | negative | realized | -2.6% | The Company spent $424.5 million in cash, net of cash acquired, to acquire LKC in January 2026 and First Aviation in May 2026. |
| assets | positive | realized | +2.6% | The Company spent $424.5 million in cash, net of cash acquired, to acquire LKC in January 2026 and First Aviation in May 2026. |
| assets | positive | realized | +1.3% | Purchase price allocation for 2026 acquisitions: Property, plant and equipment $19.2 million; Goodwill $188.8 million; Other intangible… |
| assets | positive | realized | +1.1% | Purchase price allocation for 2026 acquisitions: Property, plant and equipment $19.2 million; Goodwill $188.8 million; Other intangible… |
| assets | positive | realized | +0.4% | Purchase price allocation for 2026 acquisitions: Property, plant and equipment $19.2 million; Goodwill $188.8 million; Other intangible… |
| liability | positive | realized | +0.3% | Purchase price allocation for 2026 acquisitions: Property, plant and equipment $19.2 million; Goodwill $188.8 million; Other intangible… |
| assets | positive | realized | +0.1% | Purchase price allocation for 2026 acquisitions: Property, plant and equipment $19.2 million; Goodwill $188.8 million; Other intangible… |
| assets | positive | realized | — | Goodwill balance at June 30, 2026: $7,418.3 million (total), comprised of EIG $5,200.0 million and EMG $2,218.3 million. |
| assets | positive | probable | — | The Indicor Instrumentation transaction is expected to close in the second half of 2026. |