Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:44 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #7. IDEX Corporation — Aegis Flow Technologies
Acquirer:
IDEX Corporation (NYSE:IEX)
Acquiree:
Aegis Flow Technologies
Details:
IDEX Corporation (NYSE:IEX) announced today the acquisition of Aegis Flow Technologies ("Aegis"), a leader in the design, manufacture and sale of specialty chemical processing valves for use in the chemical, petro-chemical, chlor-alkali, pharmaceutical, semiconductor and pulp/paper industries.
IDEX is an applied solutions provider focusing on the manufacture of fluid and metering technologies, health and science technologies and fire, safety and other diversified products. Co. has three segments: Fluid and Metering Technologies, which designs, produces and distributes displacement pumps, provers, flow meters, injectors and other fluid-handling pump modules and systems; Health and Science Technologies, which designs, produces and distributes a range of precision fluidics, and rotary lobe pumps; and Fire and Safety/Diversified Products, which designs, produces and distributes firefighting pumps, valves and controls, rescue tools, lifting bags and other components and systems.
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Avg. Broker Rec.
 
|
Buy (3.08 out of 4) 34th percentile
(ranked lower than approx. 66% of all stocks covered)
Analysts' Target Price: IEX Stock Forecast Based on Zacks ABR data; powered by Xignite |
