About This Deal
IDEX Corporation acquired OBL S.r.l. for $15.4 million (cash), a transaction completed in July 2010, structured as all cash (stock acquisition).
OBL S.r.l. operates in Fluid & Metering Technologies (Water), is based in Milan, Italy, had revenue of about approximately $10.9 million annual revenue. Leading provider of mechanical and hydraulic diaphragm pumps; provides polymer blending systems and related accessories for water, waste water, oil and gas, petro-chemical and power generation markets. Headquartered in Milan, Italy.
Fluid & Metering Technologies segment (Water reporting unit)
Deal Terms
Acquirer
IDEX Corporation
Target
OBL S.r.l.
Value
$15.4 million (cash)
Date
July 2010
Type
Full acquisition
Status
Ready
Transaction Details
Target HQ
Milan, Italy
Segment
Fluid & Metering Technologies (Water)
Structure
All cash (stock acquisition)
Target revenue
Approximately $10.9 million annual revenue
Announced
July 21, 2010
Closed
July 21, 2010
In Their Words
On July 21, 2010, the Company acquired the stock of OBL, S.r.l. (“OBL”), a leading provider of mechanical and hydraulic diaphragm pumps.
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
Press release ↗
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