About This Deal

IDEX Corporation acquired Novotema SpA for $61.1 million ($56M EUR equivalent), a transaction completed in May 2015, structured as all cash (stock acquisition).

Novotema SpA operates in Health & Science Technologies (Sealing Solutions), is based in Villongo, Italy, had revenue of about approximately $33 million annual revenue. Leader in the design, manufacture and sale of specialty sealing solutions for use in the building products, gas control, transportation, industrial and water markets. Located in Villongo, Italy.

Acquired to complement and create synergies with IDEX's existing Sealing Solutions platform.

Health & Science Technologies segment (Sealing Solutions platform)

Deal Terms

Acquirer
IDEX Corporation
Target
Novotema SpA
Value
$61.1 million ($56M EUR equivalent)
Date
May 2015
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Villongo, Italy
Segment
Health & Science Technologies (Sealing Solutions)
Structure
All cash (stock acquisition)
Target revenue
Approximately $33 million annual revenue
Announced
May 29, 2015
Closed
May 29, 2015

In Their Words

On May 29, 2015, the Company acquired the stock of Novotema, SpA (“Novotema”), a leader in the design, manufacture and sale of specialty sealing solutions.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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