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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