IDEX Corporation acquired IETG, a transaction completed in October 2008, structured as all cash (stock acquisition).
IETG operates in Fluid & Metering Technologies (Water), is based in Leeds, United Kingdom, had revenue of about approximately $26 million annual revenue. Provider of flow monitoring and underground utility surveillance services for the water and wastewater markets; enables water companies to manage distribution and sewerage networks and provides underground asset detection and mapping. Headquartered in Leeds, United Kingdom.
ADS business / Water reporting unit within the FMT segment
On October 16, 2008, the Company acquired the stock of IETG, a provider of flow monitoring and underground utility surveillance services for the water and wastewater markets.
Advisory firms were not disclosed for this transaction.