IDEX Corporation, a company that designs and builds engineered products and mission-critical components, agreed to acquire Mott Corporation, an engineering company providing filtration and flow control products, for $1bn. “We’re excited to join an industry leader with a strong record of helping customers solve their toughest problems. Mott brings applied material science, chemistry, and application expertise, an additive and complementary customer base, and a growing pipeline of opportunities. When combined with the scale of IDEX, industry-leading positions, and deep technological know-how, this will yield meaningful synergies and benefits. Our culture and capabilities align with IDEX, and our employees will add tremendous value to the company, just as they’ve driven Mott’s growth for generations.” Boris Levin, Mott President and CEO.