M&A Deal Summary

IDEX Acquires Akron Brass Co.

On February 5, 2016, IDEX acquired manufacturer Akron Brass Co. from Premier Farnell

Acquisition Highlights
  • This is IDEX’s 4th transaction in the Manufacturing sector.
  • This is IDEX’s 10th transaction in the United States.
  • This is IDEX’s 1st transaction in Ohio.

M&A Deal Summary

Date 2016-02-05
Target Akron Brass Co.
Sector Manufacturing
Buyer(s) IDEX
Sellers(s) Premier Farnell
Deal Type Divestiture

Target

Akron Brass Co.

Wooster, Ohio, United States
Akron Brass Co. designs and manufactures products that meet the demands of the industry and help you perform your job safely and efficiently.

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Buyer(S) 1

Buyer

IDEX

Northbrook, Illinois, United States

Category Company
Founded 1987
Sector Manufacturing
Employees9,000
Revenue 3.3B USD (2024)
DESCRIPTION

IDEX is engaged in the development, design, and manufacture of fluidics systems and specialty-engineered products. IDEX was founded in 1987 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 15 of 28
Sector: Manufacturing M&A 4 of 13
Type: Divestiture M&A Deals 1 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 10 of 18
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 CIDRA Precision Services

Wallingford, Connecticut, United States

CIDRA Precision Services LLC is a provider in the design, manufacture and sale of microfluidic components serving the life science, health and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 SFC KOENIG AG

Dietikon, Switzerland

SFC KOENIG AG is a manufacturer of metal–to–metal seal and flow control solutions serving a variety of industries.

Buy €217M

Seller(S) 1

SELLER

Premier Farnell

London, United Kingdom

Category Company
Founded 1934
Sector Distribution
Employees4,500
Revenue 904M GBP (2016)
DESCRIPTION

Premier Farnell plc is a global distributor of electronic components and related products delivering engineering solutions to the electronic system design community utilizing multi-channel sales and marketing resources. The company supports a registered community of more than 430,000 members in 36 countries with multi-channel sales and marketing resources that combine traditional field sales and contact resources with innovative ecommerce interfaces.


DEAL STATS #
Overall 5 of 5
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 5 of 5
State: Ohio M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-20 AVID Technologies

Twinsburg, Ohio, United States

AVID Technologies, Inc. provides comprehensive engineering and design services to enhance customer success in the development and creation of advanced electronic products. Company is a full service product development firm offering hardware, software and mechanical design services, PCB layout services, high-speed design analysis, and prototype assembly and testing for electronic products in the defense, medical, commercial, consumer, automotive and industrial markets.

Buy $13M