IDEX Corporation acquires Airtech (Airtech Group, Inc., US Valve Corporation)
Snapshot
IDEX Corporation acquired Airtech (Airtech Group, Inc., US Valve Corporation) in June 2021. The transaction was structured as all cash (stock acquisition). Airtech (Airtech Group, Inc., US Valve Corporation) is a Rutherford, New Jersey, USA-based Health & Science Technologies (Performance Pneumatic Technologies) business.
- Acquirer
- IDEX Corporation
- Target
- Airtech (Airtech Group, Inc., US Valve Corporation)
- Value
- (not disclosed)
- Date
- June 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
IDEX Corporation acquired Airtech (Airtech Group, Inc., US Valve Corporation), a transaction completed in June 2021, structured as all cash (stock acquisition).
Airtech (Airtech Group, Inc., US Valve Corporation) operates in Health & Science Technologies (Performance Pneumatic Technologies), is based in Rutherford, New Jersey, USA. Designs and manufactures a wide range of highly-engineered pressure technology products, including vacuum pumps, regenerative blowers, compressor systems and valves for alternative energy, food processing, medical, packaging and transportation end markets. Headquartered in Rutherford, New Jersey, with manufacturing in Werneck, Germany and Shenzhen, China.
Performance Pneumatic Technologies reporting unit within the HST segment
No advisory firms have been disclosed for this transaction.