AMETEK Acquires Solidstate Controls, Inc.

PAOLI, PA --AMETEK, Inc. has acquired Solidstate Controls, Inc., from Columbus Sales Corp., an affiliate of Marmon Industrial Companies LLC, for approximately $36 million. Solidstate Controls is a leading supplier of Uninterruptible Power Supply (UPS) systems for the process and power generation industries.

With its headquarters in Columbus, Ohio, Solidstate Controls has approximately 250 employees and estimated 2003 sales of $45 million. It includes Solidstate Controls Mexico SA DE CV, Solidstate Controls Argentina SRL and HDR Power Systems. "We are very pleased with our acquisition of Solidstate Controls," notes AMETEK Chairman and Chief Executive Officer Frank S. Hermance. "It has an excellent reputation for superior quality and brings to AMETEK complementary products for the process and power generation industries. Both are markets in which AMETEK already is a key player. Together with its strong global sales and service capabilities, Solidstate Controls is a great addition to AMETEK."

Solidstate Controls designs and manufactures highly customized inverters and UPS systems that its customers use to ensure a steady supply of clean power to keep their critical processes functioning properly. These critical processes typically involve harsh environments and have a correspondingly high cost of failure. Key markets for its products include oil production and refining, chemical and petrochemical processing, steel and power generation (including fossil fuel and nuclear power utilities).

Solidstate Controls joins AMETEK as part of its Electronic Instruments Group (EIG) --a recognized leader in advanced monitoring, testing, calibrating and display instruments. AMETEK EIG sells its instruments to the process, aerospace, power, and industrial markets worldwide and had 2002 sales of approximately $540 million. AMETEK, Inc. (NYSE: AME) is a leading global manufacturer of electronic instruments and electric motors with annual sales of more than $1 billion.