EnPro Inc. (NYSE: NPO), an industrial technology company, has agreed to acquire Advanced Micro Instruments Inc. for $210 million in cash.
AMI is a provider of application-specific analyzers and sensing technologies that monitor parameters to maintain infrastructure integrity, enable process efficiency, improve safety and facilitate the clean energy transition. Based in Costa Mesa, Calif., AMI serves customers in the midstream natural gas, biogas, industrial processing, cryogenics, food processing, laboratory, wastewater and aerospace markets. Upon closing, AMI will be included in the Sealing Technologies segment, adding to the segment’s portfolio of products and services that safeguard critical environments.
“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,” says Eric Vaillancourt, president and CEO of EnPro. “We look forward to welcoming the talented AMI team to the Enpro family of companies and capitalizing on our combined capabilities.”