IDEX to acquire ABEL Pumps from Hillenbrand for $103.5M

Hillenbrand agreed to sell Abel Pumps L.P. and affiliates to IDEX Corporation for $103.5 million in cash, subject to post-closing adjustments. The deal is expected to close in Hillenbrand's second fiscal quarter.

“IDEX has agreed to acquire ABEL for $103.5 million in cash, subject to customary post-closing adjustments.”prnewswire.com

• 3 sources
• prnewswire.comHillenbrand Announces Definitive Agreement to Sell ABEL Pumps to IDEX CorporationJan 11, 2021
• inddist.comHillenbrand Slims Down by Selling Abel Pumps, Red Valve Businesses | Industrial DistributionJan 11, 2021
• taylorwessing.comTaylor Wessing advises Hillenbrand, Inc. on the sale of ABEL Pumps to IDEX CorporationJan 13, 2021

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