IDEX acquires Muon Group for €700M to expand precision tech platform

IDEX CORP /DE/

All-cash deal valued at €700 million; expected close in Q4 2022 subject to regulatory approvals.
Muon expected FY2022 sales ~€140 million with EBITDA margins of ~33%.
Acquisition funded by cash on hand and IDEX's revolving credit facility.
Muon will join IDEX's Health & Science Technology segment (Scientific Fluidics & Optics group).
Muon Group privately held by Rivean Capital; includes brands LouwersHanique, Veco, Millux, Tecan, Atul.

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