# Standex sells Procon Pumps business to Investindustrial for $75M

Standex International agreed to sell its Procon Pumps business to Investindustrial at an enterprise value of $75 million, subject to post-closing adjustments. The transaction was expected to close in February 2023.

- Type: Acquisition
- Announced: 2023-02-02
- Value: $75.0M
- Status: announced
- Products: solenoid pumps, fluid solutions
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Investindustrial](https://endata.com/companies/2585.md) (acquirer)
- [Standex International](https://endata.com/companies/10200.md) (partner)
- [Procon Pumps](https://endata.com/companies/10201.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/standex-announces-sale-of-procon-pumps-business-to-investindustrial-301737525.html), 2023-02-02: "Standex International Corporation announced today that it previously signed an agreement to sell its Procon Pumps business to Investindustrial."

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