IDEX Corporation acquired Faure Herman SA for $25.9 million (incl. $24.3M cash), a transaction completed in February 2007, structured as combination.
Faure Herman SA operates in Fluid & Metering Technologies (Energy), is based in La Ferte Bernard, France, had revenue of about approximately $22 million annual revenue. Leading provider of ultrasonic and helical turbine flow meters used in the custody transfer and control of high value fluids and gases. Headquartered in La Ferte Bernard, France.
Energy reporting unit within the FMT segment (Liquid Controls)
On February 14, 2007, the Company acquired the stock of Faure Herman, a leading provider of ultrasonic and helical turbine flow meters used in the custody transfer and control of high value fluids and gases.
Advisory firms were not disclosed for this transaction.