IDEX Corporation to Acquire KZValve Business, Expanding Solutions for Agriculture & Industrial Applications

Company News
March 30, 2022

IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire KZ CO. (“KZValve”), a leading manufacturer of electric valves and controllers used primarily in the agriculture market.

Founded in 1976, KZValve is recognized as an innovative provider of high value agricultural components that are designed to operate in harsh environments to support modern farming operations. The company creates and manufactures a variety of precision farming components including waterproof motorized valves, manifolds, controllers and other accessories. Besides agriculture, the company serves other segments including water filtration, de-icing and anti-icing, and emergency fire services. KZValve employs about 100 people.

The acquisition of KZValve will augment and further expand IDEX’s agricultural product portfolio, complementing Banjo Corporation’s current fluid management solutions for this market. KZValve will become part of the agriculture group within IDEX’s Fluid & Metering Technologies (FMT) segment. This transaction is part of IDEX’s continued strategy to invest in core businesses with secular growth tailwinds while investigating near adjacencies.

“Adding KZValve to the IDEX family of companies will extend our expertise in providing OEMs with critical solutions for agriculture and industrial applications, opening access to new product opportunities,” IDEX Chief Executive Officer and President Eric Ashleman said. “In our unique structure, companies retain a great deal of autonomy, while benefitting from the resources and operating model at IDEX. KZValve is a high-quality addition to our portfolio of businesses, with strong customer relationships and differentiated products that will continue building our innovative presence in the agriculture industry.”

Headquartered in Greenwood, Nebraska, KZValve is expected to have sales of approximately $28.0 million in FY2022. The transaction is expected to close in the second quarter of FY2022, subject to regulatory approvals and customary closing conditions.

View source version on businesswire.com

IH&S Bristol Donate, Volunteer at Special Olympics

Company News
March 24, 2022

IDEX Health & Science team members recently volunteered at the Special Olympics Connecticut Winter Games, providing event support and cheering on athletes with intellectual and physical disabilities.

A group of more than 15 IH&S Bristol team members helped park spectator vehicles, and supported athletes with handmade signs. With several members of the community in attendance, Team Bristol of the Special Olympics brought home a medal in every color for cross country skiing!

The IH&S team also made the local News – Take a look at video of the IH&S Bristol team. (Video begins at 1:13).

Collaborating with the IDEX Foundation, IH&S Bristol also donated $9,750 USD to the Bristol Special Olympics Team. In preparation for the Summer Games, the donation will be used to help purchase new uniforms (shorts, t-shirts, and Jackets) for close to 80 athletes.

“Being able to get out there and support the Special Olympics is something that everyone should do, at least once in their lifetime. The athletes are such amazing people – they take their sport seriously, and they congratulate and are happy for all the medal winners,” said Senior Human Resources Generalist, Irene Childs. “We had such an amazing turnout of volunteers and I cannot wait to see who will be signing up to assist with the Summer Games in June. We are growing into a work community that cares about getting involved outside of working hours and I am so happy to be able to be a part of it,” she said.

The IDEX Health & Science facility in Bristol, Connecticut (USA) is home to the development and manufacturing of plastic manifolds and fluidic assemblies for the IVD Bio market. These products are used in systems such as DNA sequencers and blood testing equipment.


Roopa Unnikrishnan Joins IDEX as SVP of Strategy and Corporate Development

Company News
March 21, 2022

IDEX Corporation (NYSE: IEX) today announced that Roopa Unnikrishnan has joined the company as Senior Vice President of Strategy and Corporate Development. Roopa is responsible for leading the company’s enterprise strategy and corporate development (M&A) function, helping build strategy and business development capabilities for IDEX.

In partnership with the IDEX Senior Leadership Team, strategy & business development resources and business unit general managers, Ms. Unnikrishnan will help identify, evaluate and pursue growth opportunities and prioritize investments. With her experienced leadership, she will bring fresh perspectives and work together to identify and build growth funnels organically and inorganically.

She reports directly to IDEX CEO and President Eric Ashleman and joins the IDEX Senior Leadership Team.

Ms. Unnikrishnan has more than 20 years of corporate strategy experience across a variety of industries, through a mix of consulting roles and corporate leadership positions. Most recently, she served as Chief Strategy Officer for Vontier, a global industrial manufacturing company focused on smarter transportation and mobility. Previous strategy positions have included roles with Harman International, Citi, BlackRock, and Katzenbach Partners – which was formed by past members of McKinsey & Co. consulting. At Pfizer she also stepped outside her traditional strategy and innovation roles to lead the Talent and Organization capability for the pharmaceutical division. She often serves as a professional coach and is the author of the book, “The Career Catapult.”

She earned bachelor’s and master’s degrees in India, where she was born and raised, before becoming the country’s 100th Rhodes Scholar, earning her the opportunity to study at the University of Oxford in England. There she earned a master’s degree in Economic and Social History. She followed that with a Master’s in Business Administration (MBA) in Finance and International Business Strategy, also from University of Oxford.

IDEX Foundation Donates to Ukrainian Refugee Relief

Company News
March 1, 2022

In response to hundreds of thousands of refugees escaping war in Ukraine, the IDEX Foundation is donating $100,000 USD, splitting the funds between two charities offering on-the-ground assistance to those displaced.

The IDEX Foundation is donating $50,000 USD each to the Bank Zywnosci w Krakowie (the Food Bank of Krakow) and the Polish Red Cross. The donations will be used to purchase food, hygienic products, and to help with humanitarian aid transports. Additionally, the funds will be used to prepare beds, mattresses and sleeping bags for incoming refugees.

“The situation in Ukraine is devastating and only getting worse for the civilians trying to escape, ” said Derrick Goddard, President of the IDEX Foundation. “The IDEX Foundation board unanimously decided to support refugees that have crossed the border into Poland by funding these two non-profits that are providing support on the ground.”

The Krakow Food bank partners with more than 100 organizations to collect, organize, and deliver food. In 2021, the team at Krakow delivered food to 62,000 people. The Polish Red Cross , which is partnering closely with the International Federation of Red Cross and Red Crescent Societies, the International Committee of the Red Cross and the Ukranian Red Cross, are prepared to provide assistance and additional support to refugees.

Photo Courtesy of Polish Red Cross

IDEX Corporation Adds Wastewater Systems Solutions Expertise With Completion of Nexsight Acquisition

News Release
March 1, 2022

IDEX Corporation (NYSE:IEX) today announced that it has completed its previously-announced acquisition of Nexsight, LLC and its market leading businesses – Envirosight, WinCan, MyTana and Pipeline Renewal Technologies (PRT).

The acquisition complements and expands upon the solutions offered by our existing IDEX water business units iPEK and ADS. Nexsight bolsters those offerings by including iPEK’s key North American channel partner and its leading wastewater video inspection software platform, which IDEX foresees helping to extend the capabilities of ADS’s cloud-based wastewater system monitoring and predictive analytics platform.

“We continue to deploy capital, investing in IDEX-like businesses that bring diversified new offerings that enhance the solutions set we can provide to customers and help drive growth for investors,” IDEX Chief Executive Officer and President Eric Ashleman said. “Nexsight and its employees worldwide are a welcome addition to the IDEX family of businesses, expanding our expertise in the inspection and monitoring of wastewater infrastructure, where we help predict and identify wastewater system issues early, preventing them from causing property damage, harming the environment and impacting public health.”

About IDEX

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call over 45 diverse businesses around the world part of the IDEX family. With more than 7,500 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global company with nearly $2.8 billion in sales, committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

For further information on IDEX Corporation and its business units, visit the company’s website at

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