IDEX Corporation acquires STC Material Solutions
Snapshot
IDEX Corporation acquired STC Material Solutions for $200.4 million (cash) in December 2023. The transaction was structured as all cash (stock acquisition). STC Material Solutions is a St. Albans, Vermont, USA-based Health & Science Technologies (Scientific Fluidics & Optics) business.
- Acquirer
- IDEX Corporation
- Target
- STC Material Solutions
- Value
- $200.4 million (cash)
- Date
- December 2023
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
IDEX Corporation acquired STC Material Solutions for $200.4 million (cash), a transaction completed in December 2023, structured as all cash (stock acquisition).
STC Material Solutions operates in Health & Science Technologies (Scientific Fluidics & Optics), is based in St. Albans, Vermont, USA. Designs and manufactures technical ceramics and hermetic sealing products for critical applications in the semiconductor, space and defense, industrial technology, medical technology and energy markets. Headquartered in St. Albans, Vermont, with operations in Santa Ana, California.
Scientific Fluidics & Optics reporting unit within the HST segment
No advisory firms have been disclosed for this transaction.