About This Deal

IDEX Corporation acquired Manfred Vetter GmbH for $44.8 million, structured as All-cash, financed by borrowings under the Credit Facility.

Manfred Vetter GmbH operates in Other Engineered Products Group (Hale Products business unit), is based in Zulpich, Germany. In January 2004 IDEX acquired Manfred Vetter GmbH of Zulpich, Germany, a designer and manufacturer of pneumatic lifting and sealing bags for vehicle and aircraft rescue, environmental protection, industrial maintenance, and disaster recovery and control. Vetter was operated as part of the Hale business unit.

Expanded IDEX's Hale rescue-tools platform into pneumatic lifting and sealing systems for fire, rescue and disaster-recovery markets.

Deal Terms

Acquirer
IDEX Corporation
Target
Manfred Vetter GmbH
Value
$44.8 million
Date
Not disclosed
Type
Acquisition
Status
Ready

Transaction Details

Target HQ
Zulpich, Germany
Segment
Other Engineered Products Group (Hale Products business unit)
Structure
All-cash, financed by borrowings under the Credit Facility

In Their Words

IDEX acquired Vetter, Systec, Scivex and Dinglee for a purchase price of $44,813, $22,442, $98,553 and $4,106, respectively, with financing provided by borrowings under the Credit Facility.IDEX Corporation, 2004 Form 10-K (Exhibit 13, Note 11. Acquisitions)

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.