IDEX CORPORATION
IEX announced today the acquisition of Alfa Valvole,
s.r.l., a leader in the design, manufacture and sale of specialty valve
products used in the chemical, petrochemical, energy and sanitary markets.
Located in Casorezzo, Italy, Alfa has revenues of approximately EUR30
million and will operate within the IDEX Fluid & Metering Technologies
segment. Alfa was acquired for approximately EUR102 million and is expected
to be accretive to IDEX earnings in the first full year after closing.
Commenting on the acquisition, IDEX Chairman and Chief Executive Officer
Andy Silvernail stated, "Alfa is the fifth acquisition in our rapidly
expanding specialty valve platform. The company's products, technology,
brand and installed customer base are an excellent fit with the IDEX
business model. We look forward to Alfa joining IDEX and we are excited
about our joint global growth prospects going forward."
Loading...
Loading...
IEXIDEX Corp
$183.311.68%
Edge Rankings
Momentum
25.47
Growth
33.45
Quality
15.33
Value
21.86
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in