Virtek Vision acquired by Ametek
Context
In October 2024, AMETEK announced the acquisition of Virtek Vision International to bolster its portfolio of measurement, inspection, and industrial automation technologies. This strategic move aligns with the US-based company's external growth strategy, aimed at expanding its suite of technological solutions for specialized industrial markets. The acquisition demonstrates strong complementarity with Creaform, an AMETEK subsidiary specializing in 3D scanning and metrology. By combining Virtek's laser projection and automated inspection capabilities with Creaform's 3D scanning solutions, AMETEK aims to offer a more comprehensive range of tools dedicated to measurement, quality control, and process automation. This integrated approach enables the company to cover a broader spectrum of the production cycle, from operator guidance to dimensional verification of assembled parts.
By taking control of Virtek Vision, Ametek continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Paragon Medical in 2023.
Virtek Vision, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the TMT (Tech, Media, Telecom) sector (16.1x in 2024).
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Target
Virtek Vision International is a Canadian company specializing in laser projection systems, industrial vision, and automated inspection solutions for advanced manufacturing environments. Headquartered in Waterloo, Ontario, the firm develops equipment that combines 3D laser projectors, intelligent cameras, and analysis software to enhance precision, quality, and efficiency in industrial processes. Virtek's solutions enable the projection of visual instructions directly onto parts or work surfaces, guiding operators through assembly, positioning, cutting, or quality control stages. This approach minimizes human error, reduces production rework, and improves operational traceability. The company's systems are also utilized for automated inspection applications leveraging industrial vision, 3D measurement, and algorithmic analysis technologies. Virtek has a strong presence in the aerospace, defense, and manufacturing sectors, where complex assembly processes require high precision and involve intricate components.
Ent. Value
$100–350M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (USD)
Other operations with Ametek
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2026 | AMETEK | INDICOR INSTRUMENTATION | UNITED STATES | Instrumentation & Measurement |
| 07/2025 | AMETEK | FARO TECHNOLOGIES | UNITED STATES | Instrumentation & Measurement |
| 11/2023 | AMETEK | PARAGON MEDICAL | UNITED STATES | Medical Devices |
| 10/2019 | AMETEK | GATAN | UNITED STATES | Lab & Scientific Equipment |
| 04/2017 | AMETEK | MOCON | UNITED STATES | Instrumentation & Measurement |
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REFERENCES
Valuation range: EV $100–350M
Revenue range: $25–50M
EV/Revenue range: 2x - 6x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Virtek Vision by Ametek are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: virtek vision
Acquirer: ametek
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