Ametek Acquires Avicenna Technology (AME)

AMETEK, Inc. AME today announced that it has acquired Avicenna Technology, Inc., a privately held supplier of custom, fine-featured components used in the medical device industry.  Avicenna Technology with its headquarters and manufacturing operations in Montevideo, MN, has annual sales of approximately $25 million. "Avicenna adds to our growing portfolio of businesses that serve the highly attractive medical device market and is an excellent fit with our Technical Services for Electronics business, acquired in 2010," notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.