Enpro Inc. Completes Acquisition of Advanced Micro Instruments, Inc.
30 Enero 2024 - 5:30AM
Business Wire
Enpro Inc. (NYSE: NPO), an industrial technology company, today
announced it has completed the previously announced acquisition of
Advanced Micro Instruments, Inc. (AMI), a leading provider of
highly-engineered, application-specific analyzers and sensing
technologies that monitor critical parameters to ensure
infrastructure integrity, enable process efficiency, enhance safety
and facilitate the clean energy transition. The acquisition was
completed on January 29, 2024 and funded using available cash.
AMI will be included in the Sealing Technologies segment,
broadening the segment’s portfolio of products and solutions that
safeguard critical environments and is expected to be accretive to
segment revenue growth and profitability, in addition to Enpro’s
adjusted diluted earnings per share.
About Enpro
Enpro is a leading industrial technology company focused on
critical applications across many end-markets, including
semiconductor, industrial process, commercial vehicle, sustainable
power generation, aerospace, food and pharma, photonics and life
sciences. Headquartered in Charlotte, North Carolina, Enpro is
listed on the New York Stock Exchange under the symbol “NPO”. For
more information about Enpro, visit the company’s website at
http://www.enpro.com.
Forward-Looking Statements
Statements in this press release that express a belief,
expectation or intention, as well as those that are not historical
fact, are forward-looking statements under the Private Securities
Litigation Reform Act of 1995. They involve a number of risks and
uncertainties that may cause actual events and results to differ
materially from such forward-looking statements. These risks and
uncertainties include, but are not limited to: the possibility of
unexpected costs or liabilities in connection with the transaction;
risks that the acquisition of AMI disrupts current plans and
operations of Enpro or AMI; uncertainties regarding Enpro’s ability
to recognize the anticipated benefits of the transaction, including
the successful integration of AMI and realization of anticipated
synergies. Enpro’s filings with the Securities and Exchange
Commission, including its most recent Form 10 K and Form 10 Q,
describe other risks and uncertainties. Enpro does not undertake to
update any forward-looking statements made in this press release to
reflect any change in management’s expectations or any change in
the assumptions or circumstances on which such statements are
based.
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version on businesswire.com: https://www.businesswire.com/news/home/20240130270118/en/
Investor Contacts: Milt Childress Executive Vice
President and Chief Financial Officer
James Gentile Vice President, Investor Relations
Phone: 704-731-1527 Email:
investor.relations@enpro.com
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