IDEX Corporation

Not to be confused with International Defence Exhibition, Ideanomics, or Idexx Laboratories.
IDEX Corporation
Company typePublic company
IndustryManufacturing
PredecessorHoudaille Industries
Founded1988; 36 years ago (1988)
HeadquartersNorthbrook, Illinois, U.S.
Key people
Eric D. Ashleman, Chief Executive Officer and Abhi Khandelwal, Chief Financial Officer
Productsfluidics systems, hydraulic rescue tools
RevenueIncrease US$3.18 billion (2022)
Increase US$751 million (2022)
Increase US$587 million (2022)
Total assetsIncrease US$5.51 billion (2022)
Total equityIncrease US$3.04 billion (2022)
Number of employees
Increase 8,868 (2022)
Subsidiaries
  • Airtech Group
  • Upchurch Scientific
  • Akron Brass
  • Hale Products Inc
  • Godiva Fire Pumps
  • Viking Pump
  • Quadro Engineering
  • Semrock
  • Liquid Controls
  • Warren Rupp
  • Microfluidics International Corporation (MFIC)
  • Advanced Thin Films
  • Rheodyne
  • Band It
  • Pulsafeeder
  • Banjo Corporation
  • Material Processing Technologies (MPT)
  • Abel Pumps
  • Precision Polymer Engineering (PPE)
  • Faure Herman
  • Gast Manufacturing
  • ADS Environment
  • Toptech Systems
  • Trebor International
  • CIDRA Precision
  • Knight
  • Phantom Controls
  • Wright Flow Technologies
  • Pumper Parts
  • Versa-Matic Pump
  • Flow Management Devices LLC.
  • Signfix
  • Richter
  • LouwersHanique
  • Veco
  • Millux
  • Tecan
  • Atul
Websiteidexcorp.com
Footnotes / references
[1]

IDEX Corporation, based in Northbrook, Illinois, is a publicly traded company engaged in the development, design, and manufacture of fluidics systems, optics systems, fire and rescue equipment, and other specialty engineered products.

History

IDEX was formed in 1988, when Kohlberg Kravis Roberts purchased several divisions of Houdaille Industries, which had recently been sold by KKR to Tube Instruments. Its first chairman and CEO was Donald N. Boyce. TI retained the John Crane seals business.[2][3]

The company's name is an acronym of "Innovation, Diversity, and Excellence."[4]

Divisions

Business units are divided into three segments:

  • Fluid & Metering Technologies
  • Health & Science Technologies
  • Fire & Safety / Diversified Products

Products

IDEX Corporation's products, which include pumps, clamping systems, flow meters, optical filters, powder processing equipment, hydraulic rescue tools, and fire suppression equipment, are used in a variety of industries ranging from agriculture to semiconductor manufacturing.

Recent acquisitions

In May 1994, IDEX reached an agreement to acquire Hale Product, Inc., of Conshohocken, Pa., for $90 million. Hale sells fire-trucks, portable pumps, ventilation systems, and the Hurst "Jaws of Life".[5]

In January 1998, IDEX agreed to buy Gast Manufacturing of Benton Harbor, Michigan, for $118 million. Gast manufactures compressors, vacuum pumps, air motors and other products.[6]

In 2011, IDEX Corporation acquired The Fitzpatrick Company.[7]

In June 2018, IDEX Corporation announced its acquisition of Phantom Controls, Incorporated.[8]

In February 2020, they company acquired Flow Management Devices LLC., a company that created a metering calibration device for measuring oil and gas volume.[9]

In March 2021, IDEX Corporation completed its acquisition of Abel Pumps, L.P., and certain of its affiliates.[10]

In June 2021, IDEX Corporation completed its acquisition of Airtech Group, Inc., US Valve Corporation and related entities.[11]

In March 2022, IDEX Corporation completed its acquisition of Nexsight, LLC and its businesses – Envirosight, WinCan, MyTana and Pipeline Renewal Technologies (PRT).[12]

In November 2022, IDEX Corporation completed its acquisition of Muon Group and its subsidiaries – LouwersHanique, Veco, Millux, Tecan and Atul.[13]

References

  1. ^ "IDEX Corporation 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 23, 2023.
  2. ^ Sherrod, Pamela (August 13, 1989). "For a New Firm IDEX has Stocked Up Some History". Chicago Tribune. Tribune Publishing Company. Retrieved August 14, 2020.
  3. ^ Holland, Max (2002). From Industry to Alchemy: Burgmaster, a Machine Tool Company. Beard Books. ISBN 978-1-58798-153-1.
  4. ^ "A Strong History of Innovation, Diversity and Excellence". IDEXCorp. Retrieved 2022-10-10.
  5. ^ "IDEX to Acquire Hale Products for $90 million". The New York Times, pg 4. 10 May 1994.
  6. ^ "IDEX Agrees to Buy Gast Manufacturing for $118 million". The New York Times, pg 5. 9 January 1998.
  7. ^ Ltd, Matcon. "About us - Learn more about Fitzpatrick". www.fitzpatrick-mpt.com. Retrieved 2024-04-26.
  8. ^ "StackPath". www.firehouse.com. Retrieved 2020-02-21.
  9. ^ Ringle, Hayley (March 9, 2020). "Phoenix oil and gas device firm acquired by Illinois company in $125M deal". www.bizjournals.com. Retrieved 2023-06-13.
  10. ^ "IDEX Corporation Completes Acquisition of Abel Pumps, L.P." idexcorp.com. March 11, 2021.
  11. ^ "IDEX Corporation Completes Acquisition of Airtech". idexcorp.com. June 14, 2021.
  12. ^ "IDEX Corporation Adds Wastewater Systems Solutions Expertise With Completion of Nexsight Acquisition". idexcorp.com. March 1, 2022.
  13. ^ "IDEX Corporation Completes Acquisition of Muon Group". idexcorp.com. November 18, 2022.
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