IDEX Corporation Completes Acquisition of SFC KOENIG
August 31 2016 - 8:30AM
Business Wire
IDEX Corporation (NYSE:IEX) announced today that it has
completed its previously announced acquisition of SFC KOENIG AG
(“SFC KOENIG”). SFC KOENIG, headquartered in Dietikon, Switzerland,
produces highly engineered expanders and check valves for critical
applications across the transportation, hydraulic, aviation and
medical markets.
IDEX Chairman and Chief Executive Officer Andy Silvernail
stated: “We are excited to welcome SFC KOENIG to the IDEX family.
SFC KOENIG’s highly engineered content and deep customer
relationships are an excellent fit with the IDEX operating model.
SFC KOENIG will be part of the IDEX Sealing Solutions Platform
within the Health & Science Technologies Segment and advances
our strategic initiative to pursue acquisition opportunities in the
highly engineered fastening and sealing markets.”
About IDEX
IDEX Corporation is an applied solutions company specializing in
fluid and metering technologies, health and science technologies,
and fire, safety and other diversified products built to its
customers’ exacting specifications. IDEX has annual revenues in
excess of $2 billion and sells its products in niche markets to a
wide range of industries throughout the world. IDEX shares are
traded on the New York Stock Exchange and Chicago Stock Exchange
under the symbol “IEX”.
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IDEX CorporationHeath A. MittsSenior Vice President –Chief
Financial Officer847.498.7070
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