Industrial equipment maker Ametek said on Wednesday it would acquire the instrumentation businesses of valve and pump manufacturer Indicor for about $5 billion in cash.
The acquisition reflects a broader push by companies across sectors to streamline their portfolios, as tariff volatility and geopolitical tensions prompt a reassessment of sprawling industrial businesses.
The instrumentation businesses of Indicor, owned by private-equity firm CD&R, design and produce testing and control equipment used for scientific and industrial applications. It generates $1.1 billion in annual sales, Ametek said, adding that it expects to close the deal in the second half of 2026.
Ametek, valued at $53.76 billion, has benefited from strong demand for its products that are used in power generation for AI data centers. That also prompted the company to raise its 2026 profit forecast last week.
The company expects to fund the acquisition through borrowings under its existing credit facility and by raising new debt.
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