IDEX completed the acquisition of Flow Management Devices for $125m.

IDEX, a global fluidics company, completed the acquisition of Flow Management Devices, a privately-held provider of flow measurement systems, for $125m. “Adding Flow MD to the IDEX family of businesses will extend our expertise in providing highly-engineered solutions to energy customers, including refineries, chemical manufacturers and pipeline operators. In our unique structure, companies retain a great deal of autonomy, while benefitting from the expertise and operating model at IDEX. Flow MD should flourish as part of our culture, where great teams win together by focusing on the things that matter most, combined with an obsession for solving our customers’ most challenging problems,” Andy Silvernail, IDEX Chairman and CEO.