CHARLOTTE – Charlotte-based Enpro has agreed to acquire California-based Advanced Micro Instruments for $210 million to expand its analyzers and sensors business.
Advanced Micro provides analyzers and sensors to natural gas, biogas, industrial processing, cryogenics, food processing, laboratory, wastewater and aerospace companies.
The deal is expected to close in early 2024, and Enpro said the acquisition is expected to be accretive to its sealing technologies division revenue growth and profitability, in addition to Enpro’s earnings.
“Acquiring AMI, an industry leader, will build on our strategy to invest in products and technologies that safeguard critical environments in key secular growth markets,” said Enpro CEO Eric Vaillancourt in a statement. “AMI’s innovative analyzer and sensor solutions will add to our existing portfolio of critical process technologies.”
Advanced Micro’s sensors detect contaminants in a variety of processes, including natural gas and biogas streams, which enable operators to avoid flaring and reduce carbon dioxide emissions.
For more details, read the full story at Business North Carolina.
