Ametek, inc. (nyse:ame) signed a definitive agreement to acquire gatan, inc. from roper technologies, inc. (nyse:rop) for approximately $930 million.

Ametek, inc. (nyse:ame) signed a definitive agreement to acquire gatan, inc. from roper technologies, inc. (nyse:rop) for approximately $930 million on september 27, 2019. the consideration is paid in cash. upon closing, gatan will join ametek as part of its electronic instruments group (eig). gatan has annual sales of approximately $180 million. the transaction is subject to customary closing conditions, including applicable regulatory approvals. the transaction is expected to close in the fourth quarter of 2019. the transaction is expected to close at the end of october 2019. credit suisse group ag (swx:csgn) acted as financial advisor to roper technologies, inc. (nyse:rop). rahul patel of king & spalding llp acted as legal advisors and craig waldman, matt evans and johannes zoettl of jones day acted as antitrust counsel to roper technologies, inc. (nyse:rop) respectively. deborah spranger, todd boylan, stefanie l. brennan, stephen t. kong, barbara t. sicalides, frank b. tripodi and david stauber of pepper hamilton llp acted as legal advisors to ametek, inc. (nyse:ame).
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