Idex to acquire SFC Koening

LAKE FOREST - Idex Corp. said it will SFC Koening AG, a Swiss-based global manufacturer of metal - to - metal seal and flow control solutions serving a variety of industries, for cash consideration based on an enterprise value of 217 million euros.

SFC Koening, headquartered in Dietikon, Switzerland, produces highly engineered expanders and check valves for critical applications across the transportation, hydraulic, aviation and medical markets.

With additional locations in Germany, the United States and China, SFC Koening will operate as a part of the sealing solutions platform within Idex's Health and Science Technologies Segment.

The transaction is expected to close in approximately 30 to 45 days, subject to regulatory approvals and customary closing conditions.

"SFC Koening's highly engineered content and deep customer relationships are an excellent fit with the IDEX operating model, and the acquisition of SFC aligns nicely with our strategic initiative to pursue acquisition opportunities in the highly engineered sealing solutions space," said Idex Chairman and Chief Executive Officer Andy Silvernail.