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New Deal


Announced

Completed

IDEX completed the acquisition of STC Material Solutions from Artemis for $206m.

Financials

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Transaction Value£169m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Acquisition

Majority

Private Equity

Single Bidder

ceramics

Friendly

Machinery: Industrial

material science

United States

Completed

Synopsis

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IDEX, a provider of applied solutions and serves niche markets, completed the acquisition of STC Material Solutions, an integrated provider of advanced material science solutions from Artemis, a fund manager, for $206m. “STC Material Solutions fits our growth strategy well, with strong IDEX qualities, including great teams with technical and domain expertise who develop and build highly-engineered products that command a premium. STC expands our growing material science expertise, affording opportunities to collaborate with other IDEX critical components businesses on comprehensive solution sets for customers,” Eric Ashleman, IDEX CEO and President.

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