AMETEK completes $1.9B all-cash acquisition of Paragon Medical

AMETEK INC/

AMETEK acquired Paragon Medical from American Securities LLC for approximately $1.9 billion in cash.
Paragon Medical has annual sales of roughly $500 million and serves orthopedics, minimally invasive surgery, and drug delivery.
Paragon will operate within AMETEK's Electromechanical Group, adding single-use and consumable surgical instruments.
Acquisition strengthens AMETEK's presence in the attractive MedTech industry, aligned with its growth strategy.

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