Download now: Oil Price Outlook 2024

Ametek (NYSE: AME) acquires VTI Instruments for $74 Million

Brian Hicks

Written By Brian Hicks

Posted February 10, 2014

Ametek Inc., the company with more than a hundred different brands of electronic and electromechanical instruments in its portfolio, announced today that it has acquired VTI Instruments for approximately $74 million. VTI is a California-based company that makes testing and measurement instruments for defense and aerospace, transportation, civil engineering, energy and power generation as well as other sectors. It will be folded into Ametek’s Electronic Instruments Group (EIG) which had $2 billion in combined sales last year.

Big Oil’s Little Secret

The cost of drilling offshore wells is massive. Drillships with the capability of reaching deeper than 7,500 feet cost approximately $600,000 per day! Those rates have been on the increase for the last few years, and show no signs of waning.  One of these drilling companies is actually outperforming its own big oil customers.

Angel Pub Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.