NORTHBROOK, Ill., Jul 21, 2010 (BUSINESS WIRE) --

IDEX Corporation(NYSE: IEX) today announced the acquisition of OBL, S.r.l. A leading provider of mechanical and hydraulic diaphragm pumps, OBL provides polymer blending systems and related accessories for a diverse range of global industries, including water, waste water, oil and gas, petro-chemical and power generation markets. OBL has gained significant prominence with their high pressure pumping capabilities and specialty blending solutions.

Headquartered in Milan, Italy, with annual revenues of approximately EUR 8.5 million, OBL will operate within IDEX's Fluid and Metering Technologies segment as part of the Water and Waste Water Group of Companies.

Commenting on the acquisition, IDEX Chairman and Chief Executive Officer Larry Kingsley stated, "With OBL's strong presence in Europe and Asia, and tremendous capabilities in high pressure pumping, blending and dosing systems, this acquisition creates for us a unique opportunity to expand the effectiveness of a number of core FMT technologies across a variety of attractive end market segments. OBL's market focus is complimentary, increasing our channel access and providing us with the necessary tools and technology for integrating existing FMT technology into higher value added systems. We look forward to utilizing these strengths through product and market initiatives in the U.S., Europe and "BRIC" regions."

About IDEX

IDEX Corporation is an applied solutions company specializing in fluid and metering technologies, health and science technologies, dispensing equipment, and fire, safety and other diversified products built to its customers' exacting specifications. Its products are sold in niche markets to a wide range of industries throughout the world. IDEX shares are traded on the New York Stock Exchange and Chicago Stock Exchange under the symbol "IEX".

For further information on IDEX Corporation and its business units, visit the company's Web site at www.idexcorp.com.

SOURCE: IDEX Corporation