Palm Beach, FL 1/3/12 (StreetBeat) -- Ametek Inc. (NYSE: AME) said Tuesday it has acquired privately held scientific instrument maker Technical Manufacturing Corp. for an undisclosed sum.Technical Manufacturing, which is based in Peabody, Mass., has estimated annual sales of approximately $30 million.
Ametek, which makes electronic instruments and electro-mechanical devices, said TMC will further expand its product offerings in ultra precision manufacturing.
Ametek, based in Berwyn, Pa., has annual sales of about $3 billion.
Its shares rose 29 cents to $42.39 in midday trading Tuesday.
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