Ametek, a global manufacturer of electronic instruments and electromechanical devices, has announced the acquisition of Quebec-based Creaform, Inc., a developer and manufacturer of portable 3D measurement technologies and a provider of 3D engineering services, for approximately $120 million.
Located in Levis, Quebec, Creaform has annual sales of approximately $52 million. The company develops stand-alone portable 3D scanners used to create 3D models and measurements for various applications.
"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,” said Frank Hermance, Ametek’s chairman and CEO, in a statement. “Creaform significantly expands the range of non-contact metrology products offered by our Ultra Precision Technology business."
Ametek is headquartered in Berwyn, Pa.
In addition to its location in Levis, Creaform has an innovation centre in Grenoble, France, and has direct sales operations in the U.S., France, Germany, China, Japan, and India. It will become part of Ametek’s electronic instruments group.