November 18, 2022 Northbrook, Illinois–(BUSINESS WIRE)–IDEX Corporation (NYSE:IEX) today completed the previously announced acquisition of ultra-precision technology manufacturing company Muon BV and its subsidiary (the “Muon Group”) announced that it did.
Muon Group, based in the Netherlands, manufactures high-precision flow channels in a variety of materials that enable the movement of a wide variety of liquids and gases in critical applications such as medical technology, semiconductors, food processing, digital printing and filtration. I’m here. This group includes LouwersHanique, Veco, Millax, Tecan, and Atul, with significant technical expertise in precision and tolerances in a variety of materials, from metals and glasses to plastics and ceramics. .
“Muon Group companies are a collection of businesses like IDEX, creating precise and highly engineered solutions for mission-critical applications, and a value-based culture that fits very well with ours. We welcome the Muon Group team to the IDEX family,” said Eric Ashleman, CEO and President of IDEX.
“It is clear that joining a global manufacturing company like IDEX presents a huge opportunity to continue to scale our growth. We believe that together we can achieve even greater results,” said Michiel Barendse, Managing Director of Muon Group.
Muon Group belongs to the Health & Science Technology (HST) segment of IDEX.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding expected benefits from the Muon Group acquisition. These statements involve inherent uncertainties and risks that could cause actual results to differ materially from those projected as of the date of this press release. Risks and uncertainties include, but are not limited to: the impact of health outbreaks and pandemics, including the COVID-19 pandemic, and related government actions operating IDEX’s businesses and facilities; Impact on ability. Customers, Supply Chains, and the US and Global Economy at large. The economic and political impact of terrorist attacks and wars, including Russia’s invasion of Ukraine and the global response to that aggression, in addition to the impact of the ongoing COVID-19 pandemic, will adversely affect IDEX’s business. may give. It can affect global supply chains and adversely affect the global economy. Levels of industrial activity and economic conditions in the United States and other countries around the world, including financial market uncertainties. Pricing pressures, such as inflation and rising interest rates, as well as other competitive factors and levels of capital spending in certain industries, all of which can significantly affect order rates and IDEX’s performance. IDEX’s ability to integrate Muon Group and acquire, consolidate and operate other acquired businesses on a revenue basis. The US dollar’s relationship to other currencies and its impact on pricing and cost competitiveness. Political and economic conditions in foreign countries in which IDEX operates. trends in trade policy and tariffs; level of concern; capacity utilization and its impact on costs; labor market; supply chain backlog, including risks affecting component availability, labor inefficiencies and freight forwarding challenges; Market conditions and material costs. Risks related to environmental, social and corporate governance (“ESG”) issues, including those related to climate change and sustainability. Developments related to contingencies such as lawsuits and environmental issues. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements are included in the “Risk Factors” section included in IDEX’s most recent Annual Report on Form 10-K. Risks listed include, but are not limited to: IDEX’s subsequent quarterly reports filed with the Securities and Exchange Commission (“SEC”) and other risks discussed in IDEX’s filings with the SEC. The forward-looking statements contained herein are made only as of the date of this press release and management does not make any assumptions to reflect subsequent events or circumstances, except as required by law. assumes no obligation to update them publicly. Investors are cautioned not to place undue reliance on forward-looking statements in evaluating the information presented herein.
IDEX Corporation (NYSE: IEX) manufactures thousands of products and mission-critical components that improve everyday life. If you love chocolate, chances are you’ve passed it through a Viking® internal gear pump at a candy factory. If you’ve been in a car crash, paramedics may have saved your life using the Hurst Jaws of Life® rescue tool. The laboratory may have used equipment containing components manufactured by IDEX Health & Science if DNA testing was ordered to determine Founded in 1988 by three small entrepreneurial manufacturing companies, the company now calls his more than 45 diverse companies around the world part of his IDEX family. I am proud of that. With more than 8,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing global company with annual revenues of approximately $2.8 billion committed to creating trusted solutions that improve lives. I’m in. IDEX stock trades on the New York Stock Exchange under the symbol “IEX.”
For more information on IDEX Corporation and its business units, please visit the company’s website at www.idexcorp.com.
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IDEX Co., Ltd.
Vice President and Chief Accounting Officer
IDEX Co., Ltd.