About This Deal
IDEX Corporation acquired Richter, a transaction completed in October 2008, structured as all cash (stock acquisition).
Richter operates in Fluid & Metering Technologies, is based in Kempen, Germany, had revenue of about approximately $53 million annual revenue. Provider of premium quality lined pumps, valves and control equipment for the chemical and pharmaceutical industries; corrosion-resistant fluoroplastic lined products. Headquartered in Kempen, Germany.
Chemical, Food & Pharmaceutical reporting unit within the FMT segment
Deal Terms
Acquirer
IDEX Corporation
Target
Richter
Value
Not disclosed
Date
October 2008
Type
Full acquisition
Status
Ready
Transaction Details
Target HQ
Kempen, Germany
Segment
Fluid & Metering Technologies
Structure
All cash (stock acquisition)
Target revenue
Approximately $53 million annual revenue
Announced
October 1, 2008
Closed
October 1, 2008
In Their Words
On October 1, 2008, the Company acquired the stock of Richter, a provider of premium quality lined pumps, valves and control equipment for the chemical and pharmaceutical industries.
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
Press release ↗
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