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IDEX buys out Flow Management Devices LLC
Feb. 12, 2020
Source: World Oil

IDEX buys out Flow Management Devices LLC

Illinois-based IDEX Corporation has inked a definitive agreement to purchase the flow measurement system provider, Flow Management Devices, LLC (Flow MD) for cash consideration of $125 million. Flow MD’s calibration products have been saving on enormous payment discrepancies for customers where slight inaccuracies in flowmeter measurements at transfer points. Flow MD made an annual sales of ~$60 million last year, and will join IDEX’s energy group.

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