IDEX Corp. Acquires Integrated Environmental Technology Group
January 22, 2009
IDEX Corp. has announced the acquisition of IETG, a leading provider of flow monitoring and underground utility surveillance services for the water and wastewater markets. IETG products and services enable water companies to effectively manage their water distribution and sewerage networks, while its surveillance service specializes in underground asset detection and mapping for utilities and other private companies.
Headquartered in Leeds, UK, IETG has annual revenues of approximately $26 million. IETG will operate as part of the company’s ADS Environmental Services business within IDEX’s Fluid and Metering Technologies segment. With a cash consideration of approximately $35 million, IETG is expected to be accretive to IDEX’s earnings in 2009.
来源: ADS, LLC
January 22, 2009
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