IDEX Corporation acquired Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies) for $112.5 million (cash), a transaction completed in February 2022, structured as combination (partial stock and partial asset acquisition).
Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies) operates in Fluid & Metering Technologies (Water), is based in Randolph, New Jersey, USA. Businesses include Envirosight, WinCan, MyTana and Pipeline Renewal Technologies; designs and creates sewer crawlers, inspection and monitoring systems and software applications that allow teams to identify, anticipate and correct wastewater system issues remotely. Headquartered in Randolph, New Jersey.
Complements and creates synergies with IDEX's existing iPEK and ADS business units in sewer inspection, monitoring and software.
Complements and creates synergies with the existing iPEK and ADS business units. Water reporting unit within the FMT segment
On February 28, 2022, the Company acquired Nexsight, LLC and its businesses Envirosight, WinCan, MyTana and Pipeline Renewal Technologies in a partial stock and partial asset acquisition. Nexsight complements and creates synergies with the Company's existing iPEK and ADS business units.
Advisory firms were not disclosed for this transaction.