IDEX Corporation to acquire Muon Group

The US listed company IDEX Corporation (NYSE:IEX) is contemplating the acquisition of the Netherlands-based Muon Group for EUR 700 million from Rivean Capital, the former Gilde Buy Out Partners. Muon Group consists of five high-tech companies with six production sites in the Netherlands, the UK and India.

With 580 employees, Muon Group's operating companies includes LouwersHanique (NL), Veco (NL), Millux (NL), Tecan (UK) and Atul (IN). Muon Group has approximately 1,500 customers in sectors such as aerospace, automotive, semiconductor, defence, medical and robotics. It is expecting a turnover of EUR 140 million in 2022. In 2021, 32% of sales came from the semiconductor sector and 17% from the medical technology market. IDEX Corporation has around 8,000 employees worldwide and an annual turnover of USD 2.8 billion.

Houthoff, together with Sidley Austin LLP, advised IDEX Corporation on the proposed acquisition of Muon Group. The team was led by Guillette van Grinsven and included Bram Caudri, Jeroen van Mourik, Thomas de Weerd, Gerrit Oosterhuis, Josephine de Bok, Britt Oerlemans, Tessa Ebbing,  Loes van den Hurk, Sahieda Nanhay-Khan, Anouk Boutens, Naomi Dempsey, Roland de Greef, Jori de Goffau, Florianne van der Woude, Nina Scholten, Myrthe Prinsze, Wynand van Seters, Elisabeth von Meijenfeldt, Annelien Verschoor, Lisa Oudshoorn, Olga Korneeva, Zinke Lansink, Diede van der Voort and Matthijs Malessy.