IDEX Corporation acquired Novotema SpA for $61.1 million ($56M EUR equivalent), a transaction completed in May 2015, structured as all cash (stock acquisition).
Novotema SpA operates in Health & Science Technologies (Sealing Solutions), is based in Villongo, Italy, had revenue of about approximately $33 million annual revenue. Leader in the design, manufacture and sale of specialty sealing solutions for use in the building products, gas control, transportation, industrial and water markets. Located in Villongo, Italy.
Health & Science Technologies segment (Sealing Solutions platform)
On May 29, 2015, the Company acquired the stock of Novotema, SpA (“Novotema”), a leader in the design, manufacture and sale of specialty sealing solutions.
Advisory firms were not disclosed for this transaction.