MANAGEMENT

Ametek acquires Spectro Scientific

US companies' deal worth US$190 million

 Spectro Scientific's Lube Trak platform

Spectro Scientific's Lube Trak platform

Ametek, which provides machine condition monitoring for mining and other industrial applications, has now added lab-based and on-site instrumentation, as well as consumables and cloud-based software analytics to its range, all part of Spectro Scientific's industry portfolio.

The company will now be part of Ametek's Electronic Instruments Group (EIG).

Ametek chairman David Zapico said the differentiated solutions all serve a growing demand for predictive maintenance.

"Spectro's solutions nicely complement our strategy to integrate instrumentation data with cloud-based software and analytics," he said.

Privately held Spectro CEO Brian Mitchell said customers will continue to see the support and innovation they are used to from the group, which had annual sales on its own of about US$50 million.

"Our mission over the last several years has been to focus on new technology development; strategic company and product acquisitions; and the continual improvement of Spectro products, providing our customers with the most advanced, precise and convenient fluid-analysis tools possible," Mitchell said.

Spectro Scientific's product offerings include spectrometers for wear metal analysis, lubricant degradation and contamination analysers, particle analysis instruments, complete turnkey systems for oil or fuel analysis laboratories and the TruVu 360 enterprise fluid intelligence data-management platform.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production