Ametek — Business Overview
What does AMETEK do?
AMETEK is a maker of specialized electronic instruments and electromechanical devices, selling into demanding industrial, scientific, and aerospace applications. Founded in 1930 and headquartered in Berwyn, Pennsylvania, the company serves customers who need precise measurement, motion control, or engineered components — think a pharmaceutical company monitoring its production process, or an aircraft manufacturer needing reliable engine sensors. AMETEK generated $7.4 billion in sales in 2025, a 6.6% increase over 2024, and employs approximately 22,500 people worldwide.
The business is organized into two segments:
| Segment | What It Does | Key End Markets |
|---|---|---|
| Electronic Instruments Group (EIG) | Designs and manufactures advanced analytical, test, and measurement instruments | Process industries, aerospace, power, life sciences, semiconductor, food & beverage |
| Electromechanical Group (EMG) | Produces precision motion control systems, medical components, specialty metals, thermal management systems, and electrical connectors | Aerospace & defense, medical, automation, industrial |
Within EIG, process and analytical instrumentation accounts for 70% of segment sales, with aerospace and power instrumentation making up the remaining 30%. Within EMG, automation and engineered solutions represent 70% of segment sales, and aerospace products account for 30%.
How does AMETEK make money?
AMETEK sells highly engineered, often proprietary products to customers who prioritize performance and reliability over price, which supports strong margins. Revenue comes from direct product sales across both segments, supplemented by spare parts, repairs, and overhaul services — particularly in commercial aerospace, where AMETEK operates a global network of maintenance, repair and overhaul (MRO) facilities. Neither segment relies heavily on any single customer: EIG's top five customers account for only about 4% of its net sales, and EMG's top five account for roughly 15%.
Acquisitions are a deliberate and recurring part of AMETEK's revenue growth strategy. Since 2021, AMETEK has completed 15 acquisitions totaling approximately $1.8 billion in annualized sales. In 2025 alone, the company spent $933 million acquiring two businesses: Kern Microtechnik (high-precision machining) and FARO Technologies (3D measurement and imaging). These deals add new product lines and customer relationships that layer onto the existing base.
What market does AMETEK operate in?
AMETEK participates in several niche industrial and technology markets rather than one single large market, which gives it some insulation from downturns in any one area. Its end markets include process industries (oil & gas, pharma, semiconductor), aerospace and defense, medical devices, power generation and distribution, and factory automation. These are generally markets where measurement accuracy and reliability are critical, which means customers are often willing to pay a premium for proven technology.
Several secular tailwinds benefit AMETEK's business. The company explicitly aligns its product development with themes like renewable energy, electric vehicles, smart grid infrastructure, semiconductor manufacturing expansion, and advanced healthcare — all areas with durable long-term growth drivers. At the same time, continued aerospace fleet expansion and defense spending provide a stable base of demand for its aerospace-related products.
Who are AMETEK's main competitors?
AMETEK competes across many narrow, specialized niches rather than in a single broad market, and the company claims leadership positions in a meaningful number of those niches. The filing notes that competition is based on technology, performance, quality, service, and price — with technology and performance typically coming first. In several segments, AMETEK's products are described as "technologically superior" to competitors' offerings. This differentiation is reinforced by consistent investment in research, development, and engineering, as well as methodologies like Design for Six Sigma and Value Analysis/Value Engineering (structured approaches to improving product quality and reducing unnecessary cost).
The competitive landscape is fragmented, with different rivals in each specific niche. The filing does not name specific competitors, but notes that "numerous companies compete in each market" within process and analytical instruments, and that EMG "competes with a number of companies in each of its markets." In aerospace, AMETEK cites a 70-plus-year track record and long-standing relationships with major aircraft and engine manufacturers as meaningful competitive moats that are difficult for newer entrants to replicate.
Where does AMETEK operate?
AMETEK is a global business with meaningful international exposure across both manufacturing and sales. In 2025, 52% of EIG's net sales went to customers outside the United States, and 42% of EMG's net sales were international. Europe is described as AMETEK's largest overseas market, though the company has been actively expanding in Latin America, the Middle East, and Asia.
Manufacturing is spread across multiple continents, with a deliberate strategy of locating "best-cost" production facilities in lower-cost regions. As of December 31, 2025, AMETEK has manufacturing operations in China, Czechia, Malaysia, Mexico, and Serbia, in addition to its U.S. base. EIG also has facilities in the United Kingdom, Germany, Canada, Denmark, Finland, France, Switzerland, Argentina, and Austria. EMG operates in Italy, Poland, and Taiwan as well. This global footprint serves both cost efficiency and proximity to international customers.