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- IDEX Corporation to Acquire Mott Corporation for $1 Billion
IDEX Corporation to Acquire Mott Corporation for $1 Billion
Slice of Manufacturing Team
July 26, 2024
Key Highlights:
Acquisition worth $1 billion, net transaction value of approximately $900 million after tax benefits.
Mott specializes in sintered porous materials and flow control solutions, serving semiconductor, energy, water, and space markets.
Transaction expected to close by Q3 2024, subject to regulatory approvals.
Mott to join IDEX's Health & Science Technologies segment, anticipated to generate $200 million in 2024 revenue.
Source (Business Wire)
Notable Quotes:
“Mott’s business fits the IDEX sweet spot of highly engineered, configurable mission-critical components focused on scalable select applications.”
“Mott brings applied material science, chemistry, and application expertise, an additive and complementary customer base, and a growing pipeline of opportunities.”
Our Take:
The acquisition of Mott Corporation by IDEX Corporation represents a strategic move to enhance IDEX's capabilities in applied materials technologies and flow control solutions. By integrating Mott’s advanced technical expertise and strong customer relationships, IDEX is poised to significantly bolster its position in high-value markets such as semiconductor, energy, and medical technologies. This transaction not only promises to drive long-term growth and margin expansion for IDEX but also aligns with their strategy of delivering innovative, mission-critical solutions to a diverse set of industries. The expected synergies and expanded technological prowess signal a robust future for IDEX as they continue to build on their strong foundation and pursue profitable growth opportunities.