Electronics manufacturer AMETEK, Berwyn, Pa., has completed the acquisition of Middlefield, Conn.-based optical solutions company Zygo. The company was acquired for $19.25 per share in cash per fully diluted common share, or $280 million net of cash. As a result, Zygo’s common stock will no longer be available for trading. The transaction was completed upon the approval of Zygo shareholders, with 99% of the votes in favor of the merger, and the receipt of regulatory approvals.
Zygo will join AMETEK’s Ultra Precision Technologies Division within its Electronic Instruments Group. AMETEK Chairman and CEO Frank S. Hermance commented that Zygo’s non-contact metrology will complement AMETEK’s strength in contact metrology, allowing for a full range of solutions to be offered.