In a somewhat surprising move, AMETEK a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.6 billion announced they had acquired Quebec-based Creaform, Inc. for approximately $120 million – 2.5 times sales for last year. Creaform is the industry leader in stand-alone portable 3D scanners.
“Creaform is an outstanding acquisition. It has an impressive R&D base and an industry-leading position across a number of high growth market applications. Creaform significantly expands the range of non-contact metrology products offered by our Ultra Precision Technology business,” comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
Some thought 3D Systems was going to acquire Creaform.