IDEX Corporation has completed its previously-announced acquisition of KZValve, LLC, bolstering IDEX’s expertise in providing critical solutions for agriculture and industrial applications. The acquisition augments and expands upon the current fluid management solutions for the agricultural product market from Banjo Corporation, a unit of IDEX. KZValve creates and manufactures a variety of precision farming components including waterproof motorized valves, manifolds, controllers, and other accessories.
“The addition of KZValve to our agriculture offerings is part of the IDEX growth strategy of investing in innovative businesses with secular growth tailwinds,” IDEX Chief Executive Officer and President Eric Ashleman said. “We look forward to welcoming KZValve team members to the IDEX family of businesses, working together to build upon our portfolio of products, and empowering OEMs and farmers to more efficiently and effectively produce crops to feed the world.”
KZValve is now part of the Agriculture group within IDEX’s Fluid & Metering Technologies (FMT) segment.