AMETEK, Inc. (AME) announced it has completed the acquisition of Rauland-Borg Corp., a global provider of mission critical communication solutions for hospitals, healthcare systems and educational facilities. Rauland-Borg was acquired for $340 million, plus a potential contingent payment of $30 million tied to the achievement of certain milestones.
Separately, AMETEK announced the company anticipates 2017 sales to be up mid-single digits versus 2016, with organic sales up low-single digits. The company initiated 2017 earnings guidance in the range of $2.34 to $2.46 per share, up 2% to 7% percent, compared with 2016 adjusted earnings per share. AMETEK expects first quarter sales to be roughly flat versus last year's first quarter and estimate earnings to be approximately $0.55 to $0.57 per share.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.