LAKE FOREST, Ill.--(BUSINESS WIRE)--Jun. 27, 2018--
IDEX Corporation (NYSE:IEX) announced today the acquisition of the
intellectual property assets of Phantom Controls. Located in St. Louis,
MO, Phantom Controls will operate within the IDEX Fire &
Safety/Diversified segment.
The deal combines the water-flow expertise of leading brands Hale
Products, Akron Brass and Class 1 Electronics and the operational
capabilities and innovative pump operation of Phantom’s system called
S.A.M. (Scene Apparatus Manager). The S.A.M. technology improves fire
ground safety and reduces operational complexity during mission critical
response.
“Our mission is to provide trusted solutions that improve lives,” stated
Andy Silvernail, IDEX Chairman and Chief Executive Officer. “This next
generation of fire suppression technology builds on our proven control
systems and water-flow product portfolio. The acquisition of Phantom
Controls is an excellent fit within our fire and safety group creating
new opportunities to accelerate our growth strategy.”
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 growing IDEX Health &
Science team. Founded in 1988 with three small, entrepreneurial
manufacturing companies, we’re proud to say that we now call 40 diverse
businesses around the world part of the IDEX family. With 7,000
employees and manufacturing operations in more than 20 countries, IDEX
is a high-performing, global $2+ billion company 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 http://idexcorp.com.
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Source: IDEX Corporation
IDEX Corporation
William K. Grogan, +1-847-498-7070
Senior
Vice President
Chief Financial Officer