Contact: Jim McKinley (610) 889-5234
AMETEK, Inc. (NYSE: AME) announced the acquisition of High Standard Aviation, a Miami-based provider of electrical/electromechanical, hydraulic and pneumatic repair services to the aerospace industry. The privately held High Standard Aviation has annual sales of approximately $31 million.
"High Standard Aviation broadens the global footprint of our aerospace maintenance, repair and overhaul (MRO) business. Coupled with other recent AMETEK MRO acquisitions and expansion activities, we now have a significant and growing presence in this attractive market," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
"High Standard Aviation strengthens our capabilities in electrical/ electromechanical and hydraulic repair and provides us with a valuable presence in Miami, a key MRO hub for the southeastern United States as well as Latin America. It also adds to our position in the air cargo segment of the MRO business broadening our base with a number of key customers," notes Mr. Hermance.
High Standard Aviation joins AMETEK’s global MRO network as a unit of AMETEK Aerospace & Defense. Along with MRO services, AMETEK Aerospace & Defense is a leading supplier of engine and aircraft sensors and monitoring systems; data acquisition units; fuel and fluid measurement systems; cables and harness assemblies; solid-state power distribution products; avionics blowers and fans; and heat transfer and cooling systems.
AMETEK Aerospace and Defense is a unit of AMETEK, Inc. (NYSE: AME), a leading global manufacturer of electronic instruments and electric motors with annualized sales of more than $2.5 billion.
For more information, contact AMETEK Aerospace & Defense, 50 Fordham Road, Wilmington, MA 01887. Phone: 978-988-4639. Fax: 978-988-4944.
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