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Wednesday, June 18, 2025

Enpro to acquire instrument company for $210 million

Charlotte-based Enpro has agreed to acquire California-based Advanced Micro Instruments for $210 million to expand its analyzers and sensors business.

Advanced Micro provides analyzers and sensors to natural gas, biogas, industrial processing, cryogenics, food processing, laboratory, wastewater and aerospace companies.

The deal is expected to close in early 2024, and Enpro said the acquisition is expected to be accretive to its sealing technologies division revenue growth and profitability, in addition to Enpro’s earnings.

“Acquiring AMI, an industry leader, will build on our strategy to invest in products and technologies that safeguard critical environments in key secular growth markets,” said Enpro CEO Eric Vaillancourt in a statement. “AMI’s innovative analyzer and sensor solutions will add to our existing portfolio of critical process technologies.”

Advanced Micro’s sensors detect contaminants in a variety of processes, including natural gas and biogas streams, which enable operators to avoid flaring and reduce carbon dioxide emissions.

Enpro’s stock fell $1.03 to $159.10 in Thursday morning trading.

Advanced Micro is majority owned by McNally Capital LLC, a Chicago-based private equity firm.

Enpro’s last deal was the November 2022 sale of GGB, its mission critical surface engineering solutions business, to The Timken Co. for $305 million.

Chris Roush
Chris Roush
Chris Roush is executive editor of Business North Carolina. He can be reached at croush@businessnc.com.

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