IDEX Corporation acquired iPEK for $44.5 million (incl. $43.1M cash), a transaction completed in October 2008, structured as combination.
iPEK operates in Fluid & Metering Technologies (Water), is based in Hirschegg, Austria, had revenue of about approximately $25 million annual revenue. Provider of systems focused on infrastructure analysis, specifically wastewater collection systems; developer of remote controlled systems for infrastructure inspection. Headquartered in Hirschegg, Austria.
Expected to leverage the ADS acquisition completed in January 2008. Water reporting unit within the FMT segment
On October 14, 2008, the Company acquired the stock of iPEK, a provider of systems focused on infrastructure analysis, specifically wastewater collection systems.
Advisory firms were not disclosed for this transaction.