IDEX Corporation Adds Precision Agriculture Solutions for Agricultural and Industrial Applications with Completion of KZValve Acquisition
IDEX Corporation (NYSE: IEX) today announced that it has completed the previously announced acquisition of KZ Valve, LLCstrengthening IDEX’s expertise in providing critical solutions for agriculture and industrial applications.
The acquisition augments and expands the current fluid management solutions for the agricultural products market of Banjo Corporation, a unit of IDEX. KZValve designs and manufactures a variety of components for precision agriculture, including sealed motorized valves, manifolds, controllers and other accessories.
“Adding KZValve to our agricultural offerings is part of IDEX’s growth strategy of investing in innovative companies with the tailwinds for secular growth,” said Eric Ashleman, CEO of IDEX. “We look forward to welcoming the KZValve team members to the IDEX family of companies, working together to grow our product portfolio, and empowering OEMs and farmers to produce crops more efficiently and efficiently. to feed the world.”
KZValve is now part of the Agriculture group within the Fluid & Metering Technologies (FMT) segment of IDEX.
IDEX (NYSE: IEX) manufactures thousands of critical products and components that improve everyday life all around you. If you like chocolate, chances are it went through a Viking® internal gear pump at the confectionery. If you’ve ever been in a car accident, rescuers may have used the Hurst Jaws of Life® Rescue Tool to save your life. If your doctor ordered a DNA test to predict your disease risk or determine a treatment, the lab may have used equipment containing components made by IDEX Health & Science. Founded in 1988 with three small, entrepreneurial manufacturing companies, we are proud to say that we now call over 45 diverse companies around the world to be 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 annual sales of nearly $2.8 billion, committed to creating reliable solutions that improve life. IDEX shares trade on the New York Stock Exchange under the symbol “IEX”.
For more information about IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com.