IDEX Corporation acquires ABEL (ABEL Pumps, L.P.)
Snapshot
IDEX Corporation acquired ABEL (ABEL Pumps, L.P.) for $106.3 million (cash) in March 2021. The transaction was structured as all cash (stock acquisition). ABEL (ABEL Pumps, L.P.) is a Buchen, Germany-based Fluid & Metering Technologies (Pumps) business.
- Acquirer
- IDEX Corporation
- Target
- ABEL (ABEL Pumps, L.P.)
- Value
- $106.3 million (cash)
- Date
- March 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
IDEX Corporation acquired ABEL (ABEL Pumps, L.P.) for $106.3 million (cash), a transaction completed in March 2021, structured as all cash (stock acquisition).
ABEL (ABEL Pumps, L.P.) operates in Fluid & Metering Technologies (Pumps), is based in Buchen, Germany. Designs and manufactures highly engineered reciprocating positive displacement pumps for end markets including mining, marine, power, water, wastewater and other general industries. Headquartered in Buchen, Germany, with operations in Madrid, Spain and Mansfield, Ohio.
Pumps reporting unit within the FMT segment
No advisory firms have been disclosed for this transaction.