IDEX Corporation has announced that LUKAS Hydraulik GmbH, a subsidiary of IDEX, has entered into a definitive agreement to acquire AWG Fittings GmbH (“AWG”), for a cash consideration of EUR 46.0M. AWG produces engineered products for the safety and emergency response markets, including valves, monitors and nozzles, operating under the AWG, Alco, ZR, and Lancier brand names.
Located in Ballendorf, Germany, AWG had revenues of approximately EUR 36 M for the year ended December 31, 2015, and will operate within the IDEX Fire and Safety/Diversified Products Segment. The transaction is expected to close in approximately 45 days, subject to regulatory approvals and customary closing conditions.
