IDEX Corporation is a diversified industrial manufacturer that makes specialized pumps, flow measurement equipment and other fluidics technology used across health and science, industrial and fire safety end markets. The company operates as a portfolio of relatively independent business units serving niche industrial applications, from precision fluid handling equipment used in laboratories to specialized pumps used in industrial processing. IDEX has grown both organically and through acquisitions over the years, targeting businesses with strong positions in narrow, technically demanding niches where established players face limited competition. The company's revenue is diversified across many end markets and geographies, though it remains sensitive to overall industrial production levels and capital spending cycles across the various sectors its different business segments serve.