IDEX to draw on revolving credit facility for Muon purchase

By Sara Rosenberg

New York, Sept. 13 – IDEX Corp. plans to use borrowings under its revolving credit facility and cash on hand to fund the €700 million acquisition of Muon BV from Rivean Capital, according to a news release.

Closing is expected in the fourth quarter, subject to regulatory approvals and consultation with the Dutch works council.

IDEX is a Northbrook, Ill.-based manufacturer of products and mission-critical components that improve everyday life. Muon is a Netherlands-based micro-precision technology manufacturing company.

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