Investment Thesis
Ametek (AME) is a leader in manufacturing electronic instruments and electromechanical devices targeted towards a broad range of industries. It operates through two groups, Electronic Instruments ((EIG)) and Electromechanical ((EMG)). EIG maintains a significant market share in the process, power and industrial, and aerospace industry, while EMG is characterized as a differentiated supplier of precision motion control solutions, thermal management systems, specialty metals, and electrical interconnects. EMG’s end markets include aerospace and defense, medical, automation, mass transit, and other industrial markets.
Since 2011, Ametek’s top line has delivered a yearly average