# Hillenbrand completes sale of ABEL Pumps to IDEX Corporation

Hillenbrand completed the sale of Abel Pumps, L.P. and affiliates to IDEX Corporation, generating cash proceeds of about $103.5 million. The agreement was originally announced on January 11, 2021.

- Type: Acquisition
- Announced: 2021-03-11
- Where: United States
- Value: $103.5M
- Status: completed
- 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)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hillenbrand-completes-sale-of-abel-pumps-to-idex-corporation-301245624.html), 2021-03-11: "The sale closed in accordance with the terms of the Share and Interest Purchase and Transfer Agreement with IDEX"

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