Ametek acquires power management system and UPS provider

摘要

Ametek Inc. has acquired Powervar, a provider of power management systems and uninterruptible power supply (UPS) systems, for approximately $128 million. Headquartered in Wauke-gan, Ill., the privately held company has annual sales of approximately $70 million, Ametek said. Powervar's transformer-based power conditioners and UPS systems serve a wide range of end markets, including medical, life sciences, and industrial. Its products feature a unique isolation transformer technology that provides quality power and protection.