IDEX Corporation acquires KZ CO. (KZValve)

IDEX Corporation acquired KZ CO. (KZValve) for $120.1 million (cash), a transaction completed in May 2022, structured as all cash (asset acquisition).

KZ CO. (KZValve) operates in Fluid & Metering Technologies (Agriculture), is based in Greenwood, Nebraska, USA. Leading manufacturer of electric valves and controllers used primarily in agricultural applications. Headquartered in Greenwood, Nebraska.

Augments and expands IDEX's agricultural portfolio and complements Banjo's fluid management solutions for agricultural applications.

Augments IDEX's agricultural portfolio, complementing Banjo's fluid management solutions. Agriculture reporting unit within the FMT segment

On May 2, 2022, the Company acquired KZ CO. (“KZValve”) in an asset acquisition. KZValve is a leading manufacturer of electric valves and controllers used primarily in agricultural applications. KZValve augments and expands IDEX's agricultural portfolio, complementing Banjo's current fluid management solutions.

Advisory firms were not disclosed for this transaction.

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