Current Report Filing (8-k)
June 08 2015 - 10:45AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported):
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June 8, 2015
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AMETEK, Inc.
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(Exact name of registrant as specified in its charter)
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Delaware
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1-12981
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14-1682544
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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1100 Cassatt Road, Berwyn, Pennsylvania
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19312
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
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610-647-2121
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Not Applicable
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Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On June 8, 2015, AMETEK, Inc. issued a press release to announce it has entered into a definitive agreement to acquire the Surface Inspection Systems Division (SISD) of Cognex Corporation (NASDAQ: CGNX). The closing of the transaction is subject to customary closing conditions, including the receipt of applicable regulatory approvals. A copy of such press release is attached as Exhibit 99.1. The information contained in said press release is hereby incorporated by reference in this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Copy of press release issued by AMETEK, Inc. on June 8, 2015.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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AMETEK, Inc.
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June 8, 2015
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By:
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/s/ William J. Burke
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Name: William J. Burke
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Title: Senior Vice President - Comptroller & Treasurer
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Exhibit Index
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Exhibit No.
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Description
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99.1
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Copy of press release issued by AMETEK, Inc. on June 8, 2015.
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Exhibit 99.1
CORPORATE OFFICE
1100 Cassatt Road, Berwyn, PA 19312
Contact: Kevin C. Coleman (610) 889-5247 1342128
AMETEK TO ACQUIRE SURFACE INSPECTION SYSTEMS DIVISION
OF COGNEX CORPORATION
Business is a Leader in Continuous Vision Inspection Systems
Berwyn, PA, June 8, 2015 AMETEK, Inc. (NYSE: AME) today announced that it has entered into a
definitive agreement to acquire the Surface Inspection Systems Division (SISD) of Cognex
Corporation (NASDAQ: CGNX) for approximately $160 million. The business has annual revenues of $60
million. The closing of the transaction is subject to customary closing conditions, including the
receipt of applicable regulatory approvals.
SISD develops and manufactures software-enabled vision systems used to inspect surfaces of
continuously processed materials for flaws and defects. Their in-line image processing technology
detects, classifies, filters, and accurately maps specific defects over the entire area of the
surface. End markets served include metals, paper, nonwovens, plastics and glass. SISD is
headquartered in Hayward, CA.
We are excited about the opportunity to acquire such an outstanding business, said Frank S.
Hermance, AMETEK Chairman and Chief Executive Officer. The Surface Inspection Systems Division of
Cognex is a global leader in non-destructive process inspection and expands our presence in this
attractive market segment. Among SISDs strengths are its proprietary high-speed defect
recognition technology, software algorithms and deep applications knowledge base, commented Frank
S. Hermance.
The SISD business joins AMETEK as part of its Electronic Instruments Group (EIG), which had 2014
sales of $2.4 billion and is a leader in the design and manufacture of advanced instruments for the
process, aerospace, power and industrial markets.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices
with annual sales of $4.0 billion. AMETEKs Corporate Growth Plan is based on Four Key Strategies:
Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products.
AMETEKs objective is double-digit percentage growth in earnings per share over the business cycle
and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500
Index.
-More-
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AMETEK TO ACQUIRE SURFACE INSPECTION SYSTEMS DIVISION OF COGNEX CORPORATION
Page 2
Forward-looking Information
Statements in this news release relating to future events, such as AMETEKs expected business and
financial performance are forward-looking statements. Forward-looking statements are subject to
various factors and uncertainties that may cause actual results to differ significantly from
expectations. These factors and uncertainties include our ability to consummate and successfully
integrate future acquisitions; risks associated with international sales and operations; our
ability to successfully develop new products, open new facilities or transfer product lines; the
price and availability of raw materials; compliance with government regulations, including
environmental regulations; changes in the competitive environment or the effects of competition in
our markets; the ability to maintain adequate liquidity and financing sources; and general economic
conditions affecting the industries we serve. A detailed discussion of these and other factors that
may affect our future results is contained in AMETEKs filings with the U.S. Securities and
Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims
any intention or obligation to update or revise any forward-looking statements.
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