IDEX Corporation acquires AWG Fittings GmbH

IDEX Corporation acquired AWG Fittings GmbH for $47.5 million ($42.8M EUR equivalent), a transaction completed in July 2016, structured as all cash (stock acquisition).

AWG Fittings GmbH operates in Fire & Safety/Diversified Products, is based in Ballendorf, Germany, had revenue of about approximately $40 million annual revenue. Producer of engineered products for the safety and emergency response markets, including valves, monitors and nozzles. Headquartered in Ballendorf, Germany.

Acquired to complement and create synergies with IDEX's existing Hale, Class 1, Godiva and Akron Brass businesses.

Complements existing Hale, Class 1, Godiva and Akron Brass businesses. Fire & Safety/Diversified Products segment

On July 1, 2016, the Company acquired the stock of AWG Fittings GmbH (“AWG Fittings”), a producer of engineered products for the safety and emergency response markets, including valves, monitors and nozzles.

Advisory firms were not disclosed for this transaction.

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