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

Deal Terms

Acquirer
IDEX Corporation
Target
ABEL (ABEL Pumps, L.P.)
Value
$106.3 million (cash)
Date
March 2021
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Buchen, Germany
Segment
Fluid & Metering Technologies (Pumps)
Structure
All cash (stock acquisition)
Announced
March 10, 2021
Closed
March 10, 2021

In Their Words

On March 10, 2021, the Company acquired the stock of ABEL Pumps, L.P. and certain of its affiliates (“ABEL”). ABEL designs and manufactures highly engineered reciprocating positive displacement pumps for a variety of end markets, including mining, marine, power, water, wastewater and other general industries.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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