Idex Corp., a provider of products and components with a focus on improving everyday life, has acquired Muon BV and its subsidiaries (Muon Group) for €700 million from Rivean Capital.
Muon Group is a Netherlands-based manufacturer of flow paths in materials that enable the movement of liquids and gases in applications for medical technologies, semiconductor, food processing, and digital printing and filtration. The deal aims to build a strong base for ongoing growth, and is expected to close in the fourth quarter of 2022.
“Together, the Muon Group will expand upon a growing platform of IDEX precision technology businesses, including those already part of Idex Health & Science, with unique technology and product solutions for similar end-customers,” says Eric Ashleman, Idex chief executive officer and president. “The commercial synergy potential between our health and science businesses and Muon Group companies will yield expanded offerings to new and existing customers. Muon Group is an Idex-like business, producing highly engineered products used in mission-critical applications where customers demand exacting quality standards. Their companies are leaders in their fields, and we are excited to welcome them and their outstanding management team to the Idex family.”