IDEX Corp. Acquires OBL S.r.l.

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 €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.”