About This Deal

IDEX Corporation acquired iPEK for $44.5 million (incl. $43.1M cash), a transaction completed in October 2008, structured as combination.

iPEK operates in Fluid & Metering Technologies (Water), is based in Hirschegg, Austria, had revenue of about approximately $25 million annual revenue. Provider of systems focused on infrastructure analysis, specifically wastewater collection systems; developer of remote controlled systems for infrastructure inspection. Headquartered in Hirschegg, Austria.

Expected to leverage the ADS acquisition completed in January 2008. Water reporting unit within the FMT segment

Deal Terms

Acquirer
IDEX Corporation
Target
IPEK
Value
$44.5 million (incl. $43.1M cash)
Date
October 2008
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Hirschegg, Austria
Segment
Fluid & Metering Technologies (Water)
Structure
Combination
Target revenue
Approximately $25 million annual revenue
Announced
October 14, 2008
Closed
October 14, 2008

In Their Words

On October 14, 2008, the Company acquired the stock of iPEK, a provider of systems focused on infrastructure analysis, specifically wastewater collection systems.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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