IDEX

What IDEX does

IDEX Corporation is a global engineered products company that designs, manufactures, and distributes mission-critical fluid handling systems, precision fluidics, optical components, sealing solutions, and rescue equipment through three operating segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). Founded in 1987 (incorporated 1989) and headquartered in Northbrook, Illinois, the company operates more than 100 business units across over 20 countries, serving life sciences, pharmaceutical, semiconductor, aerospace, water infrastructure, fire and emergency response, chemical processing, energy, and general industrial customers. Its core technology centers on precision pumps, valves, flow meters, sealing solutions, optical filters, and microfluidic processors engineered to handle corrosive, abrasive, high-viscosity, and high-temperature materials with high accuracy and reliability.

IDEX generates revenue primarily through B2B hardware sales of engineered industrial products, with pricing set on a quote basis and a meaningful recurring aftermarket parts and service component from a large installed base. The company distributes through direct enterprise sales teams, OEM co-development partnerships (particularly within HST, where IDEX partners with market-leading life sciences and medical OEMs), independent industrial distributors, and channel partners. Its go-to-market is enterprise field sales-led, targeting niche, specialized applications where switching costs and qualification cycles are high. North America contributes more than 60% of revenue, with growing exposure in Europe and Asia Pacific, including localized manufacturing in China (Suzhou, Tianjin, Nanjing) and Singapore as the Asia Pacific regional headquarters.

Growth is driven by a combination of organic product development, bolt-on acquisitions (Mott Corporation for $1 billion in 2024, Micro-LAM in 2025, Muon B.V. for €700 million in 2022, Iridian Spectral Technologies for CAD 150 million in 2023, and Subterra AI in 2024), and selective geographic expansion. IDEX reported record FY 2025 revenue of $3.5 billion (+6% year-over-year), Q1 2026 net sales of $887 million (+9% reported), and 127 consecutive quarterly cash dividend payments spanning 32 years. The Health & Science segment is the highest-growth pillar, with 17% organic orders growth and 11% revenue growth in Q1 2026, while the Fire & Safety segment is integrating the Captium IQ AI Technician platform launched in May 2026 to support connected rescue equipment and aftermarket service revenue.

Name

IDEX

Legal name

IDEX Corporation

Website

https://idexcorp.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

IDEX Corporation is a global engineered products company that designs and manufactures fluid handling systems, precision fluidics, optical components, sealing solutions, and rescue equipment across three segments serving life sciences, semiconductor, aerospace, water, fire safety, and industrial customers in over 20 countries.

Ownership category

akta.pro rank

Product category

Industrial Fluid Handling & Engineered Products

NAICS

Pump and Compressor Manufacturing (33391), Measuring, Dispensing, and Other Pumping Equipment Manufacturing (333914), Totalizing Fluid Meter and Counting Device Manufacturing (334514), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

General Industrial Machinery & Equipment (3560), Special Industry Machinery (No Metalworking Machinery) (3550), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Filtration, Condition Monitoring & Fluid Management (Filters, Breathers, Oil Analysis, Cooling) (IMAHAGAL)

akta.pro secondary industries

Controls, Monitoring & Condition Management (for Pumps/Compressors) (IMAHANAI), Industrial Electronics Manufacturing Services (EMS) (IMAGAGAA)

Keywords

• Fluid handling equipment
• Precision engineered components
• Industrial pumps valves
• Fire safety equipment
• Microfluidics optical filters

Headquarters

HQ city

Lake Forest

HQ country

United States

HQ region

North America

Offices89 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Product Sales: IDEX generates revenue through the sale of engineered industrial products across three segments: Fluid & Metering Technologies (pumps, valves, flow meters), Health & Science Technologies (fluidics, optical components, precision components), and Fire & Safety/Diversified Products (rescue equipment, fire suppression, industrial devices). Revenue is primarily one-time capital equipment sales with recurring aftermarket parts and service revenue.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

IDEX designs, manufactures and sells mission-critical fluid handling and specialty engineered products organized into three segments: Fluid & Metering Technologies (pumps, valves, flow meters for harsh-material applications in agriculture, chemicals and energy); Health & Science Technologies (precision fluidics, pumps, sealing solutions and optical components for life sciences, semiconductor, aerospace and medical OEMs); and Fire & Safety/Diversified Products (rescue tools, fire suppression pumps/valves, and engineered devices for industrial, automotive and energy markets). The company sells through direct enterprise sales, OEM partnerships and a global independent distributor network, supported by recurring aftermarket parts and service revenue.

Product overview

IDEX Corporation is a global engineered products company that designs and manufactures mission-critical fluid handling and specialized industrial products across three primary business segments. The Fluid & Metering Technologies (FMT) segment offers pumps, valves, and flow meters for agriculture, chemicals, and energy applications. The Health & Science Technologies (HST) segment provides precision fluidics, pumps, sealing solutions, and optical components for life sciences, semiconductor, aerospace, and medical markets. The Fire & Safety/Diversified Products (FSDP) segment delivers rescue equipment, fire suppression systems, and precision dispensers for emergency response and industrial applications. Notable products include the Captium IQ AI-powered service platform, Microfluidizer® processors for pharmaceutical manufacturing, PulsaMax® metering pumps, BioTight™ fittings, and the SAM™ smart firefighting nozzle. The company serves customers globally from headquarters in Northbrook, Illinois, operating in more than 20 countries.

Differentiator

Problem solved

Functional benefit

Brands

• IDEX Fluid & Metering Technologies: Business segment designing and manufacturing fluid handling products including pumps, valves, and flow meters
• IDEX Health & Science Technologies
• IDEX Fire & Safety/Diversified Products

Products and services

• IDEX Fluid & Metering Technologies (FMT) Business segment designing and manufacturing fluid handling products including pumps, valves and flow meters for agriculture, chemicals, energy, water and other industries. Products handle corrosive, abrasive, high-viscosity and high-temperature materials with accuracy and reliability.
• IDEX Health & Science Technologies (HST) Business segment producing precision-engineered solutions including fluidics, pumps, sealing solutions and optical components for life sciences, semiconductor, aerospace and medical applications. Co-develops with market-leading OEMs on ultra-precise low-flow pumps, optical filters and high-performance gear/peristaltic pumps.
• IDEX Fire & Safety / Diversified Products (FSDP) Business segment producing pumps, valves and rescue equipment for emergency response and industrial applications, plus engineered devices for automotive and energy markets. Includes mission-critical fire suppression and rescue tools trusted by first responders worldwide.
• Captium IQ AI Technician platform providing real-time diagnostic support, guided service workflows and data-informed insights for HURST Jaws of Life rescue equipment, with planned future integrations for connected equipment.
• PulsaMax®8480 Metering Pump Metering pump designed for precision fluid management in industrial applications, part of IDEX China's expanded product portfolio for fluid and metering technologies.
• BioTight™ Fittings High-performance fittings providing leak-tight seals for fluidic systems in pharmaceutical and medical device manufacturing, developed by IDEX Health & Science.
• MP350 Microlyser™ Processor Microfluidics processor for pharmaceutical and biotechnology applications used in production of nanoemulsions required for drug delivery systems and vaccines; winner of a biotech innovation award.
• ADS Ultrasonic Monitoring System Ultrasonic monitoring system that alerts authorities to rising floodwaters, supporting municipal water and wastewater infrastructure management.
• Warren Rupp Cognito 1" EODD Pump Heavy-duty external operated double diaphragm (EODD) pump completing the Cognito product range for industrial fluid handling applications in demanding environments.
• SAM™ Smart Nozzle Smart firefighting nozzle offering wireless communication to attack crew, part of IDEX Fire & Safety's digital solutions for first responders.
• FS100 Portable Disinfectant Spraying System Portable disinfectant spraying system designed for fire apparatus, ambulances and law enforcement vehicles to combat the spread of pathogens with EPA-approved disinfectants.
• Microfluidizer® Processors Microfluidics processing equipment key to manufacturing nanoemulsions required for COVID-19 vaccines and other pharmaceutical applications.

Quantifiable outcome

• Record Q1 2026 orders of $988 million, up 13% reported and 10% organic year-over-year
• +3 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Roper Technologies: Diversified niche industrial technology compounder built through disciplined bolt-on M&A. Roper's vertical-specific software and engineered products model is the closest public analog to IDEX's decentralized 100+ business unit portfolio and acquisition flywheel.
• Graco Inc. Leading manufacturer of fluid handling equipment including pumps, valves, and sprayers for industrial, contractor, and process applications. Directly comparable to IDEX Fluid & Metering Technologies in core fluid management product categories and end markets.
• Flowserve Corporation: Global manufacturer of pumps, valves, seals, and automation systems for power, oil & gas, chemical, and water industries. Overlaps meaningfully with IDEX's FMT segment in industrial pumping and flow control.
• Xylem Inc. Global water technology company providing pumps, valves, and metering solutions for municipal and industrial water applications. Direct overlap with IDEX's water infrastructure and metering businesses including ADS and Pulsafeeder.
• Watts Water Technologies: Manufacturer of water and plumbing products including flow control, filtration, and conservation systems. Comparable to IDEX FMT's water-related businesses with similar B2B OEM/distributor go-to-market.

Broad incumbents

• Pentair plc: Global water solutions company offering flow, filtration, and pool/industrial water equipment. Broader portfolio than IDEX but directly comparable in water metering, pumps, and fluid management end markets.
• Dover Corporation: Diversified industrial manufacturer serving fluid handling, refrigeration, and engineered products markets. Comparable to IDEX's multi-segment decentralized model and aftermarket-driven economics.
• Crane Company: Diversified industrial manufacturer across process flow technologies, engineered materials, and aerospace. Comparable in fluid handling and precision industrial components with similar niche market strategy.

Emerging players

• SPX Technologies: Diversified industrial company focused on heating, ventilation, cooling, and detection/location products. Overlaps with IDEX Fire & Safety on rescue and detection tools and with FMT on industrial cooling components.
• Gorman-Rupp Industries: Manufacturer of pumps and fluid handling equipment for municipal, industrial, and agricultural markets. Smaller and more pump-focused than IDEX but directly comparable on core pump technology and end markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/idexcorp
• YouTubeyoutube.com/channel/UCQf1vzAy6SEsWx6GQ5VAfHw
• LinkedInlinkedin.com/company/idex-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries17 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A37 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IDEX