IDEX acquires Nexsight and its businessesIDEX Corp. entered into a definitive agreement to acquire Nexsight and its businesses — Envirosight, WinCan, MyTana and Pipeline Renewal Technologies — for cash consideration of $120 million, subject to customary post-closing adjustments. The acquisition will complement and bolster existing IDEX business units iPEK and ADS, which design and create sewer crawlers, inspection and monitoring systems, and software applications that allow teams to identify, anticipate and correct wastewater system issues remotely. Through the Nexsight acquisition, IDEX will expand to include iPEK’s key North American channel partner and its leading wastewater video inspection software platform, broadening
Industry News: January 2022
A roundup of recent industry news exclusively for sewer and drain cleaning professionals
