Business Leader Excellence Program Graduates Learn Complexities of the General Manager Role

Company News
November 14, 2024

The latest cohort of rising IDEX leaders completed the Business Leader Excellence (BLE) program this month, learning to navigate the complexities of the General Manager (GM) role and how to effectively lead IDEX’s three imperatives – growth, execution and premier culture.

Business Leader Excellence (BLE) graduation dinner.

The participants selected for the six-month program engaged in a variety of experiences, both at the IDEX Corporate Headquarters and two IDEX manufacturing facilities. Internal IDEX Leaders, including IDEX CEO & President Eric Ashleman, led sessions throughout the program. In the first week, key sessions included growing talent and teams, GROW Coaching and panel discussions.

“We aim to help leaders form a clearer perspective about who they are as a leader, while developing skills that will allow them to advance further in their IDEX careers,” said Shauna Schoeder, Vice President of Global Talent. “Successful graduates of BLE are better equipped to accelerate team performance and grow organizational talent.”

In the second week together, the cohort gathered at Warren Rupp in Mansfield, Ohio (USA), to focus on the IDEX Operating Model in action, based in part on the business unit’s IDEX Award for Disciplined Execution this year. Warren Rupp GM David Llewellyn and Viking Pump President Ben Green shared insights on effectively leading through the IDEX Operating Model and

The BLE cohort gives back, building mini golf courses for the local YMCA of North Central Ohio.

 empowering their teams to utilize it optimally. While in Mansfield, the cohort was able to volunteer with the YMCA of North Central Ohio through building mini golf courses to support youth of the local community.

In the final week, the Water Platform team hosted a discussion about Customer Obsession, and Fluid Management graciously hosted the cohort during the session, Leading with a Growth Mindset led by Krishna Ranganathan President of the Performance Pneumatics Technologies platform and IDEX Foundation.

“My time in the BLE program was an incredibly enriching experience both professionally and personally. The content and the experiences that senior leaders and the talent team shared with our cohort was invaluable and will be helpful for applying what we have learned now and in the future,” Fluid Management General Manager Lisa Matsen said.  “Overall, it was a great experience and one that I will look back on with gratitude and pleasure.”

“I plan to incorporate more of GROW coaching tool into my leadership approach and focus on team and talent development,” said Stuart Li, General Manager, Richter East Asia. “One area where I identified to improve is the delegation and coaching skill. I already started to practice in daily work to convert from an effective leader leading to deliver result to a servant leader supporting to grow.”

BLE is part of the IDEX Academy programs led by IDEX Corporate Human Resources’ Global Talent Development Team.

Pumping Memories Through Cedar Falls Since 1911

Company News
November 13, 2024

Viking Pump, Inc. in Cedar Falls, Iowa (USA) capped off their summer as champions. The leader in positive displacement pumping solutions took home the First Place Grand Marshall Trophy for the local 2024 Sturgis Falls Parade.

The theme for this year’s parade celebration was “Making Memories.” Viking Pump has been a part of the Cedar Falls community since 1911 and aimed to showcase the memories they created throughout the years. Account Coordinator Teresa Paulsen led the effort, with the assistance of 11 other employees, to plan, design, and build an impressive float in seven weeks.

The float was designed as a large Polaroid camera with a picture emerging from it. Surrounding the edge of the trailer were various sized parts and pumps, displaying historical pictures.

The Grand Marshall Trophy included an award that is now proudly displayed in their corporate office, along with a $500 cash reward. The parade committee donated the prize money to the Cedar Bend Humane Society, an open-admission, full-service animal shelter that accepts any animal, regardless of age, breed, behavior, or health.

IDEX Fire & Safety Joins Marketing Partner in Providing Comfort to Hurricane Responders

Company News
November 12, 2024

IDEX Fire & Safety employees joined with their marketing partner Fire Department Coffee to help support those providing relief to the people of western North Carolina impacted by Hurricane Helene.

Brent Warwick, Randy James, and Brent’s son (left to right)

As part of its efforts to give back, Fire Department Coffee has a Rosenbauer America disaster response truck that includes, among other things, a clothes washer and dryer, and a shower with water heater, to help relief workers get cleaned up so they can continue their valuable work. That includes first responders, many of whom have been working tirelessly since torrential rains from the hurricane caused destructive flash flooding.

Joining the Fire Department Coffee team at various points were IDEX teammates Director of IDEX Fire & Safety North American Marketing & Communications Brent Warwick, Marketing Manager Britt Hawkins, and Marketing Project Manager Lauren Ploof, along with members of their families.

“Serving first responders in the North Carolina mountains in the aftermath of Hurricane Helene is in line with our purpose and mission at IDEX Fire & Safety. And getting to do that alongside our strategic partner, Fire Department Coffee, and two of my kids made it matter even more,” Brent said.

Britt added, “These people faced extreme devastation, yet their tenacious spirit showed through. A kind word, a smile, and a little distraction with a hot cup of coffee was a breath of fresh air for these folks. I am so humbled to have been a small part of it and hope that I may have a picked up a little bit of their spirit to take home with me.”  

Brad Flaherty, Britt Hawkins, Randy James, and Brad’s son (left to right)

IDEX Fire & Safety’s partnership with Fire Department Coffee includes our products being featured in their funny social media videos about life as a firefighter. Aside from selling coffee, they also give back to sick and injured firefighters.

“The whole purpose of this project is to protect people’s dignity, the communities affected, and the first responders,” said Randy James, Director of Brand Relations for Fire Department Coffee. “The truck is a dynamic piece of equipment that we utilize when people lose their basic needs. We want to provide a place for them to take a shower, have food, dry clothes, blankets, and so much more. We want to give them a cup of coffee, have a conversation with them, listen to them, and thank them for all they do.”

Hurricane Helene hit on Tuesday, September 24, and its path of destruction not only harmed buildings and roadways, but families, friends, and loved ones across many states. Florida, Georgia, South Carolina, North Carolina, Tennessee, and Virginia felt the effects of Hurricane Helene as did the rest of the country as many were left to worry or called to help fight the aftermath.

A bus washed into a church in Pensacola, North Carolina

Mott Officially Opens New Green Hydrogen Components Facility

Company News
November 11, 2024

Mott, which joined IDEX through acquisition last month, this week officially opened its latest manufacturing facility, which produces components used in the production of “green hydrogen.”

The new facility – Mott’s third in the Bristol, Connecticut, area – quadruples its production capacity for custom-designed, ultra-thin, porous metal sheets, which are a critical component in the generation of green hydrogen, a low-emission fuel essential for the world’s energy transition.

Mott President Boris Levin (middle) officially cuts the ceremonial opening ribbon with U.S. Senator Chris Murphy (left) and Gov. Ned Lamont (right).

Global demand for hydrogen is expected to increase fivefold by 2050, yet less than 5% of the world’s hydrogen is produced sustainably. Mott’s titanium Porous Transport Layers (PTLs) are among the smoothest and thinnest in the world, allowing for efficient and cost-effective production of green hydrogen.

U.S. Senator Chris Murphy (D-Connecticut) and Connecticut Governor Ned Lamont attended a press conference and ribbon cutting ceremony Tuesday, alongside Mott President Boris Levin. The senator and governor each sang the praises of Mott as a creator of manufacturing jobs that support a variety of critical industries, including clean energy, semiconductor, defense, and healthcare.

Mott recently won a $10 million grant from the U.S. Department of Energy to accelerate design and manufacturing of the next generation of PTLs. These next generation PTLs are expected to help drive down the cost of clean hydrogen, consistent with the federal government’s “Hydrogen Shot” initiative to “reduce the cost of clean hydrogen by 80% to $1 per 1 kilogram in 1 decade,” by 2030. 

The facility will also serve as a center of excellence, allowing Mott to rapidly prototype filtration technology for its customers in clean energy, semiconductor, defense, healthcare and other industries.

U.S. Senator Chris Murphy speaks at a press conference.

“This new facility will continue to position Mott as a leader in clean energy development, and add to Connecticut’s strength as a home of innovation and manufacturing,” Levin said. “When combined with our recent $10 million grant from the Department of Energy, this expansion will allow us to quadruple our production capacity and serve more customers in the rapidly growing green hydrogen industry. We could not have gotten here without our tremendously committed employees, who produce world class technology and go above and beyond for our customers every day. We are also grateful to Governor Lamont, Senator Murphy, and our entire Connecticut Congressional delegation for their strong support.”

“Increasing production of green hydrogen—hydrogen power created using renewable energy sources like wind or solar—will help us tackle the climate crisis, create good-paying jobs and lower energy costs for consumers,” Sen. Murphy said. “Mott’s new clean energy facility is another example of how Connecticut is leading the way in clean energy engineering and manufacturing innovation, and I look forward to seeing their continued growth in our state.”

Mott President Boris Levin addresses local community leaders, business partners and employees.

Insights and Inspiration from IDEX’s Annual Women in Leadership Conference

Uncategorized
November 10, 2024

Women leaders from IDEX gathered in September for a three-day executive leadership program at the Rotterdam School of Management, Erasmus University in the Netherlands. The agenda covered a variety of topics, including the significance of network building and politics, leading with authenticity, and leveraging emotional intelligence.

Organized by IDEX leaders in Europe, the annual Women in Leadership (WinL) conference aims to support their female colleagues and invest in their professional growth. Over the last five years, there have been 71 attendees – initially only from Europe and now from North America and Asia.

“The program is evolving to become increasingly global and impactful. Many attendees have taken on leadership roles within Employee Resource Groups (ERGs), while others have dedicated themselves to coaching and mentoring emerging female leaders at IDEX,” Program Organizer and VP of Human Resources Eric Streets said. “We’ve heard the phrase ‘life-changing’ mentioned repeatedly, and it’s clear that participants return from this thought-provoking and sometimes challenging experience, energized and prepared to drive meaningful change.”

When asked about the advantages of participating in WinL, attendees shared their insights:

Julie Felix, Global Director of Diversity, Equity & Inclusion

The insights shared by the incredible speakers, many of whom have delivered TED Talks, challenged my thinking and inspired me to take bold action in my career and personal life.

A session led by Dr. Stephanie Mitrano based on her TED Talk “Emotions at Work,” deeply resonated with me. She emphasized that emotions, often viewed as something to suppress in a professional setting, can actually be a powerful tool for building trust and strengthening relationships within teams.

Her insights challenged the traditional view of leadership. She showed me how embracing vulnerability and emotional awareness can enhance team dynamics and drive better performance. This lesson was transformative for me, as I realized that fostering emotional openness is just as critical as achieving business goals.

Eileen Ruiz, Cost & AP Supervisor, Hale

The benefits of offering programs like WinL to women across the IDEX are immeasurable. This type of training builds a strong network of empowered women leaders who can drive innovation. It fosters inclusive work environments by integrating emotional intelligence as a core leadership trait.

By investing in the development of women, IDEX is not only promoting gender diversity but also building a foundation for stronger leadership. This embodies IDEX values of trust, team and excellence.

Kathrin Kendrick, Director Finance & IT, iPEK

I believe that investing in your employees is always beneficial for an organization as it develops skills and drives employee engagement. This is why I plan on sharing some of the exercises with my own team. The insights I gained will be helpful for employees at any stage of their professional development and regardless of gender. In addition, I am planning to utilize the network I have gained to share practices and processes across our IDEX businesses.

Godiva Receives U.K. Award for Outstanding Support of Armed Forces Community

Company News
November 9, 2024

The U.K. government’s Defense Employer Recognition Scheme (ERS) recently honored Godiva, a unit of IDEX and a global leader in emergency services equipment located in Warwickshire, England, for its unwavering commitment to the Armed Forces community.

The Silver Armed Forces Covenant Award acknowledges an employer’s pledge to ensure that individuals who serve or have served in the Armed Forces, along with their families, are treated with dignity and respect within the organization. This accolade highlights Godiva’s ongoing dedication to creating job opportunities, support, and development for veterans, reservists, and their families.

This significant recognition was accepted by HR Manager Megan Easley, and British Army Veteran from Air Commodore Adam Sansom at the National Arboretum in Staffordshire.

Godiva takes pride in the progress made so far and is dedicated to enhancing their support moving forward, in partnership with the SERRVE Employee Resource Group (ERG).

Viking Pump’s ROOTS Program Empowers Local Community

Company News
November 8, 2024

The ROOTS Program is an employee-driven initiative dedicated to discovering ways for employees to assist those in need within the Cedar Valley.

Established in Cedar Falls, Iowa (USA) by Viking Pump, a division of IDEX, ROOTS supports existing non-profits in enhancing their missions and broadening their impact.

Discover more about Viking Pump’s ROOTS Program and explore how Viking Pump collaborates with essential organizations in the Cedar Valley to contribute to the community.

IDEX Foundation Donates $50K for Hurricane Helene Relief

Company News
November 7, 2024

As the extent of damage from Hurricane Helene continues to unfold across the southeastern United States, the IDEX Foundation has approved a $50,000 USD donation to the American Red Cross.

Hurricane Helene caused catastrophic storm surge damage beginning in the “Big Bend” area of Florida’s Gulf Coast. But most surprising may be the devasting flood damage experienced in the mountain towns of western North Carolina, where many locations received well in excess of one foot (30 cm) of rain late last week.

In some instances, rushing river

floodwaters washed away significant portions of small towns. Other communities remain cut off without electricity, communications service, or fresh water. As of Wednesday evening (October 2), at least 180 people in North Carolina, South Carolina, Georgia, Florida, Tennessee and Virginia were confirmed dead. That number is expected to rise as rescuers reach isolated communities.

Many IDEX colleagues at the HURST Jaws of Life® have friends and family in mountain communities west of the manufacturing facility in Shelby, North Carolina.

“Fortunately, most of our team members and immediate families are well and unharmed from Hurricane Helene,” HURST Site Leader Steve Daino said. “Unfortunately, many are still without power and dealing with property damage, fallen trees, debris, and flood impacts.  Some also have extended family and friends in nearby more severely impacted areas that are still isolated and in need of necessities.”

“Despite the adverse impacts to our team, the resilience and desire to help those still in need through donations and volunteer efforts is inspiring. The help and assistance from the IDEX community is greatly appreciated by all impacted,” he said.

While the IDEX Foundation generally supports employees participating in local volunteerism, the charitable arm of IDEX also has a long history of providing relief funding when natural disasters impact communities close to the hearts of our people. Whether hurricanes, floods, wildfires or earthquakes, the IDEX Foundation has provided support for one-the-ground relief.

“I am deeply grateful that we have the opportunity to extend our support to those affected by Hurricane Helene,” IDEX Foundation President Krishna Ranganathan said. “It’s heartbreaking to see the devastation, but I’m incredibly proud that the IDEX Foundation can step in and provide financial assistance to help these communities begin to rebuild. Our hearts are with everyone impacted, and we are committed to standing by them during this challenging time.”

PPE Partners with Habitat for Humanity Supporting Low-Income Families in Texas

Company News
November 6, 2024

To assist low-income families facing the escalating cost of housing, Precision Polymer Engineering (PPE) collaborated with Habitat for Humanity to construct a new home in their local community.

During a span of two days, 17 employees successfully built over 50 wall components, along with windows and doorframes for the structural framework of the new home. They also contributed to the installation of more than 300 square feet (28 square meters) of siding and over 100 linear feet (300 meters) of soffit, protecting the roof and rafters from potential damage.

This project marks the first time the Texas-based PPE site has volunteered with Habitat for Humanity. Additionally, with the support of the IDEX Foundation, they were able to donate $5,000 to the non-profit organization, which aids people worldwide in building or enhancing affordable and secure homes.

PPE is part of IDEX Sealing Solutions, which engineers and manufactures seals for some of the world’s most demanding and critical applications. The Brenham site primarily serves the sealing needs of semiconductor manufacturers.

IDEX Corporation Completes Acquisition of Mott Corporation

News Release
September 5, 2024

NORTHBROOK, Illinois – September 5, 2024 – IDEX Corporation (NYSE: IEX) (“IDEX”) has completed its previously-announced acquisition of Mott Corporation and its subsidiaries (“Mott”), expanding IDEX’s applied material science technology capabilities in high-value end markets.

Mott is a leader in the design and manufacturing of sintered porous material structures and flow control solutions, with deep applied material science knowledge and process control capabilities. For more than 60 years, Mott has solved complex engineering challenges by innovating with global OEMS and leading technology brands to develop cutting-edge technologies.

As part of IDEX’s Health & Science Technologies segment, Mott is expected to:

  • Enhance the ability to deliver innovative, customized, and highly technical micro-precision solutions that are increasingly essential to customer product performance.
  • Increase opportunities in semiconductor wafer fabrication equipment, energy transition, medical technologies, space & defense, and water purification industries.
  • Complement the successful integrations of the Muon Group, Iridian Spectral Technologies, and STC Material Solutions, providing unique process-based capabilities working with specialized materials.
  • Drive near- and long-term value creation through implementation of 8020 and the IDEX Operating Model.

“The acquisition of Mott brings scale to our growing suite of material science technology capabilities and amplifies our ability to partner with customers to develop innovative solutions,” said Eric D. Ashleman, Chief Executive Officer and President of IDEX. “This is an important step in our strategy to deliver long-term, compounding value to our customers, employees, and shareholders. I’m pleased to welcome the Mott team to the IDEX family.”

About IDEX

IDEX Corporation (NYSE: IEX) designs and builds engineered products and mission-critical components that make everyday life better. IDEX precision components help craft the microchip powering your electronics, treat water so it is safe to drink, and protect communities and the environment from sewer overflows. Our optics enable communications across outer space, and our pumps move challenging fluids that range from hot, to viscous, to caustic. IDEX components assist healthcare professionals in saving lives as part of many leading diagnostic machines, including DNA sequencers that help doctors personalize treatment. And our fire and rescue tools, including the industry-leading Hurst Jaws of Life®, are trusted by rescue workers around the world. These are just some of the thousands of products that help IDEX live its purpose – Trusted Solutions, Improving Lives. Founded in 1988 with three small, entrepreneurial manufacturing companies, IDEX now includes more than 50 diverse businesses around the world. With about 8,800 employees and manufacturing operations in more than 20 countries, IDEX is a diversified, high-performing, global company with approximately $3.3 billion in annual sales.

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

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements regarding the expected benefits of the acquisition of Mott, the expected impact of the acquisition on IDEX’s product offerings or proposed product offerings, IDEX’s combined existing and new customers and access to high-value end markets, the enhancement of IDEX’s business strategy, integration plans, the expected growth opportunities, and the anticipated long-term value to IDEX’s shareholders and customers resulting from the acquisition. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this press release. The risks and uncertainties include, but are not limited to, the following: levels of industrial activity and economic conditions in the U.S. and other countries around the world, including uncertainties in the financial markets; pricing pressures, including inflation and rising interest rates and other competitive factors and levels of capital spending in certain industries; the impact of catastrophic weather events, natural disasters and public health threats; economic and political consequences resulting from terrorist attacks and wars; IDEX’s ability to integrate Mott and to acquire, integrate and operate other acquired businesses on a profitable basis; cybersecurity incidents; the relationship of the U.S. dollar to other currencies and its impact on pricing and cost competitiveness; political and economic conditions in foreign countries in which IDEX operates; developments with respect to trade policy and tariffs; interest rates; capacity utilization and the effect this has on costs; labor markets; supply chain conditions; market conditions and material costs; risks related to environmental, social and corporate governance issues, including those related to climate change and sustainability; and developments with respect to contingencies, such as litigation and environmental matters.  Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the “Risk Factors” section included in IDEX’s most recent annual report on Form 10-K and IDEX’s subsequent quarterly reports filed with the Securities and Exchange Commission (“SEC”) and the other risks discussed in IDEX’s filings with the SEC. The forward-looking statements included here are only made as of the date of this press release and management undertakes no obligation to publicly update them to reflect subsequent events or circumstances, except as may be required by law. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented here.

Investor Contact:

Wendy Palacios

Vice President, FP&A and Investor Relations

(847) 457-3723

wpalacios@idexcorp.com

Media Contact:

Mark Spencer

Vice President, Global Communications

(847) 457-3793

mdspencer@idexcorp.com

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