About This Deal

IDEX Corporation acquired Scivex, Inc. (Upchurch Scientific) for $98.6 million, a transaction completed in May 2004, structured as all cash.

Scivex, Inc. (Upchurch Scientific) operates in Health & Science Technologies, is based in Oak Harbor, Washington, USA, had revenue of about approximately $31 million annual sales. Leading provider of fluidic components and systems for the analytical, biotechnology and diagnostic instrumentation markets; operates Upchurch Scientific (Oak Harbor, WA), Sapphire Engineering (Pocasset, MA), and J. L. White (Santa Clara, CA). Acquired from KRG Capital Partners.

Adds fluidic components and systems for analytical, biotech and diagnostic instrumentation; expands IDEX's scientific fluidics platform.

Deal Terms

Acquirer
IDEX Corporation
Target
Scivex, Inc. (Upchurch Scientific)
Value
$98.6 million
Date
May 2004
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Oak Harbor, Washington, USA
Segment
Health & Science Technologies
Structure
All cash
Target revenue
Approximately $31 million annual sales
Announced
April 26, 2004
Closed
May 1, 2004

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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