IDEX Corp to acquire Velcora Holding from FSN Capital.

IDEX Corp agreed to acquire Velcora Holding and its Roplan and Steridose businesses from FSN Capital Partners for cash consideration of SEK1.3bn ($137m). Roplan is a manufacturer of custom mechanical and shaft seals for a variety of end markets. Steridose develops engineered hygienic mixers and valves for the biopharmaceutical industry. "In our unique structure, companies retain a great deal of autonomy, while benefitting from the expertise and operating model at IDEX. Roplan and Steridose should flourish as part of our culture, where great teams win together by focusing on the things that matter most, combined with an obsession on solving our customers' most challenging problems," IDEX Chairman and CEO Andy Silvernail said.