Deal Details
Sale to AMETEK, Inc.
Summary
Baird served as the exclusive financial advisor to MOCON, Inc.
About
MOCON, Inc. (“MOCON”) (NASDAQ:MOCO) has been acquired by AMETEK, Inc. (“AMETEK”) (NYSE:AME). Under the terms of the transaction, AMETEK, through a wholly owned subsidiary, acquired all of the outstanding shares of MOCON for $30.00 per fully diluted common share in cash, or approximately $182 million net of cash acquired.Founded in 1963, MOCON is a leading provider of laboratory and field gas analysis instrumentation to research laboratories, production facilities and quality control departments in food and beverage, pharmaceutical and industrial applications. For the fiscal year ended December 31, 2016, MOCON had sales of approximately $63 million. MOCON is headquartered in Minneapolis, Minnesota.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annual sales of approximately $4.0 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products. 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 Index. AMETEK is headquartered in Berwyn, Pennsylvania.
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- Date
- June 2017
- Company
- MOCON, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- North America
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