FLOW MANAGEMENT DEVICES acquired by IDEX CORPORATION
Context
The global fluidics leader has successfully finalized a definitive agreement to acquire the total share capital of the target, marking a significant expansion of its technical capabilities within the energy infrastructure segment. This strategic transaction represents a definitive move to incorporate mission-critical flow calibration technology into the group's broader energy division. The strategic rationale for the move centers on the acquirer’s objective to broaden its technical operational depth in custody transfer accuracy, providing a complementary fit to its existing portfolio of pumps and metering systems.
By taking control of Flow Management Devices, Idex Corporation continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Ftl Seals Technology in 2016.
FLOW MANAGEMENT DEVICES, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x).
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Target
Flow Management Devices is a specialized technology organization dedicated to the engineering and manufacturing of high-precision flow measurement and calibration systems. The entity’s business model is centered on a proprietary framework of unidirectional captive displacement provers, commonly referred to as "small volume provers." Its value proposition is anchored in technical operational depth, ensuring absolute custody transfer accuracy for the global oil and gas supply chain. Strategically, the firm focuses on solving critical measurement discrepancies at transfer points, where precision is vital for financial settlement between refineries, pipeline operators, and chemical manufacturers. By maintaining an industrialized focus on displacement technology, the organization ensures a mission-critical role in the validation of flow meter performance. The entity prioritizes technical differentiation and engineering excellence to facilitate the structural integrity of energy logistics and fiscal metering.
Ent. Value
$100–350M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (USD)
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2020 | ADVENT INTERNATIONAL / CINVEN | TKE (THYSSENKRUPP ELEVATOR) | GERMANY | Special Machinery |
| 02/2020 | HALMA | SENSIT TECHNOLOGIES | UNITED STATES | Instrumentation & Measurement |
| 12/2019 | NORDIC CAPITAL | CONSILIUM SAFETY GROUP | SWEDEN | Safety & Security |
| 12/2019 | MAREL | CURIO | ICELAND | Food & Beverage Lines |
| 12/2019 | IK PARTNERS | MDT technologies | GERMANY | Electrical Equipment |
| 10/2019 | AMETEK | GATAN | UNITED STATES | Lab & Scientific Equipment |
| 09/2019 | CAPITAL EXPORT | REPACK-S | FRANCE | Valves, Pumps & Taps |
| 09/2019 | VOITH GROUP | BTG | SWITZERLAND | Instrumentation & Measurement |
| 08/2019 | AGILENT TECHNOLOGIES | BIOTEK INSTRUMENTS | UNITED STATES | Lab & Scientific Equipment |
| 08/2019 | TELEDYNE TECHNOLOGIES INCORPORATED | 3M GAS AND FLAME DETECTION | FRANCE | Instrumentation & Measurement |
Other operations with IDEX CORPORATION
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2024 | IDEX CORPORATION | MOTT CORPORATION | UNITED STATES | Components |
| 11/2022 | IDEX CORPORATION | MUON GROUP | NETHERLANDS | Components |
| 07/2016 | IDEX CORPORATION | FTL SEALS TECHNOLOGY | UNITED KINGDOM | Plastics |
| 04/2015 | IDEX CORPORATION | NOVOTEMA | ITALY | Plastics |
REFERENCES
Valuation range: EV $100–350M
Revenue range: $50–100M
EBITDA range: $5–25M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FLOW MANAGEMENT DEVICES by IDEX CORPORATION are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Acquirer: idex corporation