Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Wed., Jun. 29, 9:24 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 business that sells pumps, valves, flow meters and other fluidics systems and components and engineered products. Co.'s segments are: Fluid and Metering Technologies, which designs, produces and distributes positive displacement pumps, flow meters, injectors and other fluid-handling pump modules and systems; Health and Science Technologies, which designs, produces and distributes fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems; and Fire and Safety/Diversified Products, which designs, produces and distributes firefighting pumps, valves and controls, rescue tools, and lifting bags.
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Avg. Broker Rec.
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Buy (2.95 out of 4) 12nd percentile
(ranked lower than approx. 88% of all stocks covered)
Analysts' Target Price: IEX Stock Forecast Based on Zacks ABR data; powered by Xignite |
