IDEX Corporation acquired ABEL (ABEL Pumps, L.P.) for $106.3 million (cash), a transaction completed in March 2021, structured as all cash (stock acquisition).
ABEL (ABEL Pumps, L.P.) operates in Fluid & Metering Technologies (Pumps), is based in Buchen, Germany. Designs and manufactures highly engineered reciprocating positive displacement pumps for end markets including mining, marine, power, water, wastewater and other general industries. Headquartered in Buchen, Germany, with operations in Madrid, Spain and Mansfield, Ohio.
Pumps reporting unit within the FMT segment
On March 10, 2021, the Company acquired the stock of ABEL Pumps, L.P. and certain of its affiliates (“ABEL”). ABEL designs and manufactures highly engineered reciprocating positive displacement pumps for a variety of end markets, including mining, marine, power, water, wastewater and other general industries.
Advisory firms were not disclosed for this transaction.