IDEX Corporation, based in

Northbrook, Illinois Northbrook is a suburb of Chicago, located at the northern edge of Cook County, Illinois, United States, on the border of Lake County. Per the 2020 census, the population was 35,222. When incorporated in 1901, the village was known as Shermerv ...

, is a publicly traded company engaged in the development, design, and manufacture of

fluidics Fluidics, or fluidic logic, is the use of a fluid to perform analog or digital operations similar to those performed with electronics. The physical basis of fluidics is pneumatics and hydraulics, based on the theoretical foundation of fluid dyna ...

systems, optics systems, fire and rescue equipment, and other specialty engineered products.

History

IDEX was formed in 1988, when

Kohlberg Kravis Roberts KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strate ...

purchased several divisions of

Houdaille Industries Houdaille Industries was a diversified manufacturing company which produced automotive products, industrial products, machine tools, construction materials and contracting. The company had its beginnings in Buffalo, New York, in 1919, where the ...

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

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 Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people ...

semiconductor manufacturing Semiconductor device fabrication is the process used to manufacture semiconductor devices, typically integrated circuit (IC) chips such as modern computer processors, microcontrollers, and memory chips such as NAND flash and DRAM that are pres ...

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 Hydraulic rescue tools, also known as jaws of life, are used by emergency rescue personnel to assist in the extrication of victims involved in vehicle accidents, as well as other rescues in small spaces. These tools include cutters, spreaders, ...

". 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. In June 2018, IDEX Corporation announced its acquisition of Phantom Controls, Incorporated. In March 2021, IDEX Corporation completed its acquisition of Abel Pumps, L.P., and certain of its affiliates. In June 2021, IDEX Corporation completed its acquisition of Airtech Group, Inc., US Valve Corporation and related entities. In March 2022, IDEX Corporation completed its acquisition of Nexsight, LLC and its businesses – Envirosight, WinCan, MyTana and Pipeline Renewal Technologies (PRT).

References

External links

* Companies listed on the New York Stock Exchange Companies based in Northbrook, Illinois Tool manufacturing companies of the United States Manufacturing companies based in Illinois American companies established in 1988 Companies formed by management buyout {{manufacturing-company-stub