IDEX Corporation acquires Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies)
Snapshot
IDEX Corporation acquired Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies) for $112.5 million (cash) in February 2022. The transaction was structured as combination (partial stock and partial asset acquisition). Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies) is a Randolph, New Jersey, USA-based Fluid & Metering Technologies (Water) business.
- Acquirer
- IDEX Corporation
- Target
- Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies)
- Value
- $112.5 million (cash)
- Date
- February 2022
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
IDEX Corporation acquired Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies) for $112.5 million (cash), a transaction completed in February 2022, structured as combination (partial stock and partial asset acquisition).
Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies) operates in Fluid & Metering Technologies (Water), is based in Randolph, New Jersey, USA. Businesses include Envirosight, WinCan, MyTana and Pipeline Renewal Technologies; designs and creates sewer crawlers, inspection and monitoring systems and software applications that allow teams to identify, anticipate and correct wastewater system issues remotely. Headquartered in Randolph, New Jersey.
Complements and creates synergies with the existing iPEK and ADS business units. Water reporting unit within the FMT segment
No advisory firms have been disclosed for this transaction.