# IDEX acquires Mott Corporation for $1 billion

IDEX Corporation has agreed to acquire Mott Corporation for $1 billion. The deal is expected to close by the end of Q3 2024. Mott will operate under its own brand within IDEX's Health and Science Technologies segment.

- Type: Acquisition
- Announced: 2024-07-23
- Where: Farmington, Connecticut, United States
- Value: $1.00B
- Status: announced
- Products: components for microchips, semiconductor equipment, medical device equipment, defense equipment, space exploration equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Medical Devices](https://endata.com/sectors/medical-devices.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [IDEX Corporation](https://endata.com/companies/3508.md) (acquirer)
- [Mott Corporation](https://endata.com/companies/10286.md) (target)

## Sources

- [cbia.com](https://www.cbia.com/news/featured/idex-acquires-mott-corporation/), 2024-07-25: "We’re excited to join an industry leader with a strong record of helping customers solve their toughest problems."

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