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Ametek Inc. (AME - Free Report) recently announced the acquisition of Teseq Group for CFH 83 million ($92 million).

Headquartered in Luterbach, Switzerland, the privately held Teseq supplies Electromagnetic compatibility (EMC) test solutions. It provides EMC compliance testing systems for a wide range of industries, including aerospace, automotive, consumer electronics, medical equipment, telecommunications and transportation. The company has direct sales offices in China, France, Germany, Japan, Singapore, Switzerland, Taiwan, the U.K. and the U.S. Ametek has annual sales of approximately CHF 48 million ($53 million).

Upon the completion of the deal, Teseq will come under Ametek’s Electronic Instruments Group (EIG) segment. In third-quarter 2013, EIG comprised 56% of Ametek’s sales, which were up 9.3% from the year-ago quarter to $499.8 million driven by strength in Aerospace, and oil and gas businesses, combined with the contribution from Micro-Poise and Controls Southeast acquisitions.

The acquisition, effective immediately, will extend Ametek’s capabilities in serving its customers in the electrical test and measurement business. It will enable the company to provide improved product offerings and increase market share, thereby expanding the company’s customer base.

Ametek is quite active on the M&A front. Last month, the company acquired the privately held Powervar for about $128 million which provides engineered and customized products for use in critical applications. In Oct 2013, Ametek acquired Canada-based Creaform, Inc., a manufacturer of portable 3D measurement technologies and 3D engineering services for approximately $120 million. In Aug 2013, the company took over Controls Southeast, Inc., a leading manufacturer of custom-engineered thermal solutions for approximately $160 million.

The company’s acquisition pipeline remains quite robust with opportunities to further expand and strengthen its portfolio.

In third-quarter fiscal 2013, Ametek earned revenues of $890.0 million. Revenues were up 1.3% sequentially and 6.0% year over year due to strong demand in the Electronic as well as Electromechanical segments. Earnings of 52 cents were in line with the Zacks Consensus Estimate.

Currently, Ametek has a Zacks Rank #2 (Buy). Other stocks worth considering in its sector are Blucora Inc. (BCOR - Free Report) , Facebook (FB - Free Report) and Aol Inc. . All these stocks carry a Zacks Rank #1 (Strong Buy).

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