IDEX Corporation acquired Scivex, Inc. (Upchurch Scientific) for $98.6 million, a transaction completed in May 2004, structured as all cash.
Scivex, Inc. (Upchurch Scientific) operates in Health & Science Technologies, is based in Oak Harbor, Washington, USA, had revenue of about approximately $31 million annual sales. Leading provider of fluidic components and systems for the analytical, biotechnology and diagnostic instrumentation markets; operates Upchurch Scientific (Oak Harbor, WA), Sapphire Engineering (Pocasset, MA), and J. L. White (Santa Clara, CA). Acquired from KRG Capital Partners.
Adds fluidic components and systems for analytical, biotech and diagnostic instrumentation; expands IDEX's scientific fluidics platform.
Advisory firms were not disclosed for this transaction.