Ametek Buys Pulsar Technologies

Terms aren't disclosed.
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Ametek

(AME) - Get Report

, a maker of electronic instruments and electric motors, said it acquired privately held

Pulsar Technologies

, a designer of specialized communications equipment for the electric-utility market.

Financial terms weren't disclosed.

Pulsar joins Ametek as part of its Electronic Instruments Group. That particular Ametek division sells instruments to the aerospace, power and industrial markets worldwide and had 2005 sales of $808 million. Pulsar has annual sales of about $10 million.

"Pulsar is a niche-focused business that broadens our product offering for the electric power market and expands our relationships with key customers in this important market segment," Ametek said.

Shares of Ametek were rising 33 cents to $42.89.

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