IDEX completed the acquisition of Mott for $1bn.

IDEX, a company that designs and builds engineered products and mission-critical components, completed the acquisition of Mott, an engineering company providing filtration and flow control products, for $1bn. “The acquisition of Mott brings scale to our growing suite of material science technology capabilities and amplifies our ability to partner with customers to develop innovative solutions. This is an important step in our strategy to deliver long-term, compounding value to our customers, employees, and shareholders. I’m pleased to welcome the Mott team to the IDEX family,” Eric D. Ashleman, IDEX CEO and President.