IDEX to buy Novotema for $60.9 mln

IDEX Corp. said Monday it agreed to buy Novotema SpA for cash considerations of about 57 million Euros (US $60.9 million). Ardian, which was formerly known AXA Private Equity, was the seller. Villango, Italy-based Novotema designs, makes and sells specialty sealing solutions that are used in the building products, gas control, transportation, industrial and water markets.

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