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Mon, 05/03/2021 - 09:55 NORTHBROOK, Ill.-- IDEX Corporation announced that it has entered into a definitive agreement to acquire Airtech Group, Inc., U.S. Valve Corporation and related entities from investment funds managed by EagleTree Capital for cash consideration of $470 million, subject to customary post-closing adjustments. Airtech designs and manufactures a wide range of highly engineered pressure technology products, including vacuum pumps, regenerative blowers, compressor systems and valves. The company provides customized solutions across diversified end markets such as alternativ...

Operator Greetings and welcome to the IDEX Corporation first-quarter 2021 earnings conference call. [Operator instructions] It is now my pleasure to introduce your host, Michael Yates, vice president and chief accounting officer. Thank you. You may begin. Michael Yates -- Vice President and Chief Accounting Officer Thank you. Good morning, everyone. This is Mike Yates, vice president and chief accounting officer for IDEX Corporation. Let me start by saying thank you for joining us for our discussion of the IDEX first-quarter 2021 financial highlights. Last night, we issued a press release ou...

Idex Acquires Airtech Idex Corp. has entered into a definitive agreement to acquire Airtech Group Inc., EagleTree Capital for cash consideration of $470 million, subject to customary post-closing adjustments. Airtech designs and manufactures pressure technology products, including vacuum pumps, regenerative blowers, compressor systems and valves. The company provides services across diversified end markets such as alternative energy, food processing, medical, packaging and transportation. Airtech serves clients globally, with operations in the United States, Europe and Asia. “The acquisit...

IDEX Snaps Up Airtech for $470M Kailas Salunkhe- April 28, 2021, 10:22 AM EDT SHARE ON: Applied solutions provider IDEX Corp. ( IEX) has agreed to purchase Airtech Group Inc., US Valve Corp., and associated entities for a consideration of $470 million from investment funds that are managed by EagleTree Capital. IDEX expects this transaction to close by the end of 2Q. Airtech provides a broad range of engineered pressure technology products such as vacuum pumps, regenerative blowers, compressor systems, and valves. Its end markets include alter...

Idex closes acquisition of Abel Pumps 16 March 2021 Abel designs and manufactures highly engineered reciprocating positive displacement pumps for end markets including mining, marine, power, water, wastewater and other general industries. The company’s diaphragm and high-pressure piston pumps serve harsh, demanding applications involving abrasive or corrosive substances and fluids with high solids content. Abel has an administration office and manufacturing plant in Büchen, Germany, and sales and service locations in Madrid, Spain and Pittsburgh, USA. �...