AMETEK, Inc. has acquired VTI Instruments, a manufacturer of test and measurement instrumentation for $74 million. VTI, acquired from an investor group led by Merit Capital Partners and Alerion Capital Group, has annual sales of approximately $38 million.

In 2003, VTI purchased the Agilent's Mechanical Test Business Unit which made VXI based instruments.  VTI has operations in Irvine, CA, and additional facilities in Cleveland OH, and Bangalore, India. VTI will operate as a standalone business and we will retain the VTI Instruments brand name.

VTI will be within the Advanced Measurement Technology (AMT) Division of AMETEK's Electronic Instruments Group (EIG) which offers advanced monitoring, testing, calibrating, and display instruments with sales of $2.0 billion in 2013.