BATESVILLE, Ind., April 22, 2016 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) received the M&A Advisor's 2016 Award for Cross Border Regional Deal of the Year. The award was given for Hillenbrand's 95 million euros purchase of Germany-based ABEL Pumps LP (ABEL), completed in October 2015.
Since 1988, the M&A Advisor has been recognizing the achievement of the world's leading mergers and acquisitions. This year, over 250 companies representing every major market in the world were finalists for the awards. An independent committee of 19 top cross border M&A industry experts determined the award recipients.
ABEL is a globally recognized leader in the development and manufacturing of diaphragm pumps, pumping solutions, parts and service. Its equipment is sold primarily into the power generation, wastewater treatment and general industrial markets.
"The ABEL acquisition provided Hillenbrand with an entry point into the flow control space and displays the company's continued commitment to growing a world-class global diversified industrial company," said Scott George, Senior Vice President of Corporate Development at Hillenbrand. "It is encouraging to see our acquisition recognized."
Hillenbrand (www.Hillenbrand.com) is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. We pursue profitable growth and robust cash generation driving increased value for our shareholders. Hillenbrand's portfolio is composed of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. Hillenbrand is publicly traded on the NYSE under "HI."
ABEL develops and manufactures reciprocating positive displacement pumps for varying flow rates and pump pressures and specializes in diaphragm and piston pumps. ABEL is recognized around the world as the technological leader in diaphragm pumps. Solids handling pumps (for paste-like and non-Newtonian media) and high pressure plunger pumps complete the range of its products.
SOURCE Hillenbrand, Inc.