AMETEK Inc. has acquired Pacific Design Technologies Inc., a provider of advanced, mission-critical thermal management solutions.
PDT was privately held and is headquartered in Goleta, California. The company has annual sales of approximately $40 million and was acquired for approximately $125 million.
"PDT is an excellent acquisition for AMETEK as it enhances our position in the attractive aerospace and defense sectors," said AMETEK Chairman and CEO David A. Zapico. "The company's innovative technology and differentiated solutions nicely complement our already deep expertise in thermal management systems."
PDT joins AMETEK as part of its Electromechanical Group (EMG) – a differentiated supplier of thermal management systems, and automation and engineered solutions.
PDT designs and manufactures a range of custom-engineered, liquid cooling systems and components used in current and next-generation commercial aerospace, defense and space platforms.