# 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.

- Type: Acquisition
- Announced: 2021-01-11
- Where: Buechen, Germany
- Value: $103.5M
- Status: announced
- Products: pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Hillenbrand](https://endata.com/companies/414.md) (partner)
- [IDEX Corporation](https://endata.com/companies/3508.md) (acquirer)
- [Abel Pumps](https://endata.com/companies/7475.md) (target)
- [Taylor Wessing](https://endata.com/companies/7483.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hillenbrand-announces-definitive-agreement-to-sell-abel-pumps-to-idex-corporation-301205272.html), 2021-01-11: "IDEX has agreed to acquire ABEL for $103.5 million in cash, subject to customary post-closing adjustments."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/21220723/hillenbrand-slims-down-by-selling-abel-pumps-red-valve-businesses), 2021-01-11: "IDEX has agreed to acquire ABEL for $103.5 million in cash, subject to customary post-closing adjustments."
- [taylorwessing.com](https://www.taylorwessing.com/en/insights-and-events/news/media-centre/press-releases/2021/01/taylor-wessing-beraet-hillenbrand), 2021-01-13: "US headquartered Hillenbrand, Inc. (NYSE: HI) has reached a definitive agreement to sell its ABEL Pumps business to IDEX Corporation for a purchase price of US $ 103.5 million in cash."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.