IDEX Corporation acquired ERC, a transaction completed in April 2012, structured as all cash (stock acquisition).
ERC operates in Health & Science Technologies, is based in Kawaguchi, Japan, had revenue of about approximately $27 million annual revenue. Leader in gas-liquid separations and detection solutions for the life science, analytical instrumentation and clinical chemistry markets; products include in-line membrane vacuum degassing solutions, refractive index detectors and ozone generation systems. Located in Kawaguchi, Japan.
Health & Science Technologies segment
On April 30, 2012, the Company acquired the stock of ERC. ERC is a leader in the manufacture of gas liquid separations and detection solutions for the life science, analytical instrumentation and clinical chemistry markets.
Advisory firms were not disclosed for this transaction.