mynth
11/2022

MUON GROUP acquired by IDEX CORPORATION

NETHERLANDS Industrial Equipment / Components EV 500M - 1.5b EUR

Context

IDEX Corporation has successfully finalized the acquisition of 100% of the share capital of Muon Group, marking a transformative addition to its Health & Science Technology (HST) segment. This strategic transaction represents a significant expansion of the group's micro-precision manufacturing capabilities, specifically targeting high-growth sectors with extreme technical requirements such as semiconductors and advanced medical diagnostics. The strategic rationale for the move centers on the high degree of cultural and technical alignment between the two organizations, both of which specialize in highly engineered solutions for mission-critical applications where failure is not an option. By incorporating this technical specialist, the organization reinforces its global leadership in fluid handling while gaining access to proprietary expertise in multi-material micro-machining. The partnership is designed to capitalize on the accelerating demand for miniaturization in industrial processes, combining the group’s industrialized scale and operating rigor with the target’s innovation-led micro-fluidic systems. This integration facilitates the development of next-generation high-precision components, providing the strategic depth required to navigate complex global supply chains in the high-tech and healthcare industries. The move solidifies the group’s standing as a primary enabler of technological advancement in niche precision engineering.

By taking control of Muon Group, Idex Corporation continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Flow Management Devices in 2020.

MUON GROUP, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Muon Group is a premier technology organization specializing in the industrialization of micro-precision components and highly precise flow paths. The entity’s business model is centered on the manipulation of various materials (including glass, ceramics, metals, and plastics) to create mission-critical structures with extreme tolerances. Its value proposition is anchored in specialized manufacturing processes such as electroforming, laser material processing, and micro-machining, facilitating the precise movement of liquids and gases in highly sensitive environments. Strategically, the firm focuses on technical operational depth across the semiconductor, medical technology, and digital printing sectors, where micro-fluidic accuracy is vital. By maintaining a multidisciplinary engineering approach through its various specialized subsidiaries, the organization ensures a mission-critical role in the global high-tech supply chain. The firm prioritizes innovation-led growth to address the increasing complexity of miniaturized industrial applications.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MUON GROUP by IDEX CORPORATION are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: muon group

Acquirer: idex corporation