Enpro Inc., an industrial technology company, announced today that it will acquire Advanced Micro Instruments, Inc. (AMI), a maker of analyzers and sensors that monitor gas quality and reduce emissions. The deal, valued at $210 million in cash, is expected to close in early 2024.
AMI, based in Costa Mesa, California, serves customers in various markets, including natural gas, biogas, industrial processing, and aerospace. Its products detect contaminants in gas streams and help operators avoid flaring, a practice that contributes to climate change.
Enpro said that AMI will join its Sealing Technologies segment, which provides products and solutions that protect critical environments. The acquisition will enhance Enpro’s revenue growth, profitability, and earnings per share, as well as its position in the clean energy transition.
“Acquiring Advanced Micro Instruments (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 Eric Vaillancourt, President and Chief Executive Officer.
“AMI’s innovative analyzer and sensor solutions will add to our existing portfolio of critical process technologies in the Sealing Technologies segment, and this acquisition will be an important step forward in expanding our capabilities into compositional analysis. We look forward to welcoming the talented AMI team to the Enpro family of companies and capitalizing on our combined capabilities.”
Kevin Bates, President and Chief Executive Officer of AMI, said, “We look forward to joining the Enpro family and this is an exciting next chapter for AMI.”
“AMI fits squarely into Enpro’s portfolio of leading-edge solutions in a variety of growing end markets that have strong technological and applied engineering advantages. Enpro is the ideal partner for us to accelerate our future growth.”
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