IDEX Corporation has entered into a definitive agreement to acquire KZ CO. (KZValve), a manufacturer of electric valves and controllers used primarily in the agriculture market. Founded in 1976, KZValve is recognized as an innovative provider of high-value agricultural components that are designed to operate in harsh environments to support modern farming operations. The company creates and manufactures a variety of precision farming components including waterproof motorized valves, manifolds, controllers, and other accessories. Besides agriculture, the company serves other segments including water filtration, de-icing and anti-icing, and emergency fire services. KZValve employs about 100 people.
The acquisition of KZValve will augment and further expand IDEX’s agricultural product portfolio, complementing Banjo Corporation’s current fluid management solutions for this market. KZValve will become part of the agriculture group within IDEX’s Fluid & Metering Technologies (FMT) segment. This transaction is part of IDEX’s continued strategy to invest in core businesses with secular growth tailwinds while investigating near adjacencies.
