IDEX Corporation

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

Not to be confused with International Defence Exhibition.
IDEX Corporation
TypePublic
IndustryManufacturing
Founded1988
HeadquartersNorthbrook, Illinois, U.S.
Key people
Eric D. Ashleman, Chief Executive Officer and President
Productsfluidics systems, hydraulic rescue tools
Revenue US$2.484 billion (2018)
US$521 million (2020) [1]
US$378 million (2020) [2]
Total assets US$4.414 billion (2020) [3]
Total equity US$2.540 billion (2020) [4]
Number of employees
 7,075 (2020) [5]
SubsidiariesAirtech Group, Upchurch Scientific, Akron Brass, Hale Products Inc, 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, Signfix, Richter,
Websiteidexcorp.com

History

IDEX was formed when Kohlberg Kravis Roberts purchased several divisions of Houdaille Industries, which had recently been sold by KKR to Tube Instruments. TI retained the John Crane seals business.[6][7]

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

Business units are divided into three segments:

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

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

In March 2021, IDEX Corporation completed its acquisition of Abel Pumps, L.P., and certain of its affiliates.[9]

In June 2021, IDEX Corporation completed its acquisition of Airtech Group, Inc., US Valve Corporation and related entities.[10]

In March 2022, IDEX Corporation completed its acquisition of Nexsight, LLC and its businesses – Envirosight, WinCan, MyTana and Pipeline Renewal Technologies (PRT).[11]

References
  1. https://www.macrotrends.net/stocks/charts/IEX/idex/operating-income
  2. https://www.macrotrends.net/stocks/charts/IEX/idex/net-income
  3. https://www.macrotrends.net/stocks/charts/IEX/idex/total-assets
  4. https://www.macrotrends.net/stocks/charts/IEX/idex/total-share-holder-equity
  5. https://www.macrotrends.net/stocks/charts/IEX/idex/number-of-employees
  6. Sherrod, Pamela (August 13, 1989). "For a New Firm IDEX has Stocked Up Some HIstory". Chicago Tribune. Tribune Publishing Company. Retrieved August 14, 2020.
  7. Holland, Max (2002). From Industry to Alchemy: Burgmaster, a Machine Tool Company. Beard Books. ISBN 978-1-58798-153-1.
  8. "StackPath". www.firehouse.com. Retrieved 2020-02-21.
  9. "IDEX Corporation Completes Acquisition of Abel Pumps, L.P." idexcorp.com. March 11, 2021.
  10. "IDEX Corporation Completes Acquisition of Airtech". idexcorp.com. June 14, 2021.
  11. "IDEX Corporation Adds Wastewater Systems Solutions Expertise With Completion of Nexsight Acquisition". idexcorp.com. March 1, 2022.


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