SFC KOENIG to be acquired by IDEX
SFC KOENIG to be acquired by IDEX
- Purchase agreement signed by current shareholders to sell Swiss manufacturer SFC KOENIG to a subsidiary of IDEX Corporation, a US listed company
- SFC KOENIG expected to remain a standalone company and benefit from access to new markets and segments via IDEX’s global platform
- Transaction expected to close by September 2016
Dietikon (Switzerland), 28 July 2016 – SFC KOENIG, a global leader of sealing and flow control solutions, will soon become a part of the US-based specialty manufacturer IDEX Corporation (“IDEX”), a global fluidics leader and multi-brand corporation that serves high growth specialized markets.
SFC KOENIG’s major shareholders – funds advised by private equity companies Capvis and HgCapital – signed a purchase agreement to sell all shares to IDEX, which has more than 7,000 employees worldwide, operates facilities in 24 countries and generated a turnover of more than 2 billion US dollar in 2015. The transaction is still subject to regulatory approval and is expected to close by September 2016.
In recent years, SFC KOENIG has built up a position of strength providing for excellent future prospects. The company was able to continually increase its market share and presents an impressive track record in the production of unmatched technology.
"We are happy to join the IDEX family, a platform which convinced us to be an ideal environment to support our initiatives and achieve our long term targets," says Alparslan Kütükçüoglu, CEO of SFC KOENIG. "Both our companies are committed to highly engineered products, innovation and deep customer relationships."
About SFC KOENIG
SFC KOENIG is a global leader in sealing technology. Based in Dietikon, Switzerland, the Company has subsidiaries in Germany, the USA and China and maintains a network of distribution partners throughout the world. SFC KOENIG is continuously broadening its core competency – built and established over 40 years – by expanding its product range and geographical reach. Product quality and manufacturing processes of SFC KOENIG are certified, amongst others, according the following international standards: ISO 14001, ISO AS/EN 9100, ISO TS 16949, and ISO 9001.
www.sfckoenig.com
Contact:
Alparslan Kütükçüoglu
Telefon: +41 (0)44 7434610
alparslan.kutukcuoglu@sfckoenig.com