KippsDeSanto & Co. is pleased to announce the sale of its client, NSI-MI Technologies (“NSI-MI” or the “Company”), to AMETEK, Inc. (“AMETEK”).
Headquartered in Suwanee, GA, NSI-MI is a leading provider of microwave measurement systems and antenna and radio frequency (“RF”) testing and instrumentation solutions.
The Company’s array of offerings enables it to provide testing solutions to its customers across several industries, including aerospace, defense, space, communication, automotive, and research. NSI-MI’s advanced engineering capabilities allow it to customize and optimize test systems and continue to provide testing and support beyond the initial system delivery.
The transaction complements AMETEK’s growth model, which integrates operational excellence, new product development, global and market expansion, and strategic acquisitions with a disciplined focus on cash generation and capital deployment. NSI-MI will join as part of AMETEK’s Electronic Instruments Group (EIG), a leader in a leader in advanced analytical, monitoring, testing, calibrating and display instruments.
We believe this transaction highlights several key trends in the M&A market:
- Buyers are looking for proprietary, highly engineered, and differentiated solutions
- Continued demand for innovative companies that are poised to capitalize on key market growth drivers (i.e., expansion of the instrumentation market, 5G technology, and prioritization of turnkey architecture)
- Continued emphasis on R&D is critical to maintain and modernize key products, as well as develop next generation technology
About KippsDeSanto & Co.
KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity and industry experience. We help market leaders realize their full strategic value. Having advised on over 100 industry transactions, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.
AMETEK Acquires NSI-MI Technologies
BERWYN, PA, May 4, 2021 – AMETEK, Inc. (NYSE: AME) today announced that it has acquired NSI-MI Technologies, a leading provider of radio frequency and microwave test and measurement solutions and services. NSI-MI was acquired for $230 million and has annual sales of approximately $90 million.
NSI-MI’s expertise in advanced radio frequency and microwave technologies allows them to provide complete test and measurement systems for niche applications across the aerospace, defense, automotive, wireless communications, and research markets. The company has a diverse portfolio of testing instrumentation, components and software, while also providing customers with turnkey anechoic and simulation chambers, and a broad set of aftermarket services.
“We are pleased to welcome NSI-MI to AMETEK,” comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. “NSI-MI is an outstanding acquisition and nicely complements our existing Electromagnetic Compatibility test and measurement businesses. NSI-MI’s test and measurement solutions are uniquely positioned to support the continued development of advanced RF and microwave technologies for critical applications in wireless communications, satellite systems, autonomous vehicles, and defense systems.”
NSI-MI is headquartered in Suwanee, Georgia with additional operations in Torrance, California and Sheffield, U.K. NSI-MI joins AMETEK as part of its Electronic Instruments Group (EIG) – a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales in 2020 of more than $4.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies – Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions – with a disciplined focus on cash generation and capital deployment. AMETEK’s 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.