IDEX Corporation acquired Velcora Holding AB (Roplan, Steridose), a transaction completed in July 2019, structured as all cash (stock acquisition).
Velcora Holding AB (Roplan, Steridose) operates in Health & Science Technologies, is based in Sweden. Velcora's operating subsidiaries Roplan (custom mechanical and shaft seals for food & beverage, marine, chemical, wastewater and water treatment) and Steridose (engineered hygienic mixers and valves for the global biopharmaceutical industry). Headquartered in Sweden with operations in China, the UK and the US.
Health & Science Technologies segment
On July 18, 2019, the Company acquired the stock of Velcora Holding AB (“Velcora”) and its operating subsidiaries, Roplan and Steridose. Roplan is a global manufacturer of custom mechanical and shaft seals; Steridose develops engineered hygienic mixers and valves for the global biopharmaceutical industry.
Advisory firms were not disclosed for this transaction.