IDEX Corporation acquires KZ CO. (KZValve)
Snapshot
IDEX Corporation acquired KZ CO. (KZValve) for $120.1 million (cash) in May 2022. The transaction was structured as all cash (asset acquisition). KZ CO. (KZValve) is a Greenwood, Nebraska, USA-based Fluid & Metering Technologies (Agriculture) business.
- Acquirer
- IDEX Corporation
- Target
- KZ CO. (KZValve)
- Value
- $120.1 million (cash)
- Date
- May 2022
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
IDEX Corporation acquired KZ CO. (KZValve) for $120.1 million (cash), a transaction completed in May 2022, structured as all cash (asset acquisition).
KZ CO. (KZValve) operates in Fluid & Metering Technologies (Agriculture), is based in Greenwood, Nebraska, USA. Leading manufacturer of electric valves and controllers used primarily in agricultural applications. Headquartered in Greenwood, Nebraska.
Augments IDEX's agricultural portfolio, complementing Banjo's fluid management solutions. Agriculture reporting unit within the FMT segment
No advisory firms have been disclosed for this transaction.