Hillenbrand, Inc. (NYSE: HI) has acquired ABEL Pumps LP and certain of its affiliates (ABEL) from Roper Technologies for €95 million in cash. Based in Buchen, Germany, ABEL is a globally-recognized leader in diaphragm pumps. The company specializes in designing, developing and manufacturing piston diaphragm and piston pumps as well as pumping solutions and in providing related parts and service. ABEL’s equipment is sold primarily into the power generation, wastewater treatment, mining, general industry, oil and gas and marine markets.
During the trailing 12-month period ended July 31, 2015, ABEL’s revenue was approximately €30 million, and earnings before interest, taxes, depreciation and amortization (EBITDA) was approximately €8 million.
EC Mergers & Acquisitions acted as exclusive advisor to Roper Technologies on this transaction.