IDEX Corporation Acquires Microfluidics International Corporation

January 11, 2011

IDEX Corporation agreed to acquire Microfluidics International Corporation in an all-cash transaction valued at $1.35 per share, expected to close in Q1 2011. The acquisition adds Microfluidics' Microfluidizer high-shear fluid processors and nanomaterials processing capabilities to IDEX's Fluid and Metering segment to expand its pharmaceutical and particle-processing product offerings.

Buyers
IDEX Corporation
Targets
Microfluidics International Corporation
Sellers
Microfluidics shareholders, Global Strategic Partners, LLC (a wholly-owned subsidiary of Celgene Corporation), Irwin Gruverman (founder), Microfluidics' directors and executive officers
Industry
Medical Devices
Location
Massachusetts, United States
Transaction Type
Buyout

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