Flow Management Devices Becomes Part of IDEX Corporation

IDEX Corporation to Acquire Flow Management Devices LLC

Lake Forest, Illinois, (January 29, 2020) – IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire Flow Management Devices, LLC (Flow MD), a privately-held provider of flow measurement systems that ensure custody transfer accuracy in the oil and gas industry, for cash consideration of $125 million, before closing adjustments.

FMD Ships Largest Prover to Date

Flow Management Devices shipped its largest Prover to date. The FMD-200 Unidirectional Captive Displacement / Small Volume Prover has 900 lb ANSI flanges and weighs in at almost 50,000 pounds. The end destination for this Prover is Texas, where it will installed in Ethane service for verification of Coriolis flowmeters.

The FMD Group Appoints New President – Mike Waters Joins The FMD Group

Phoenix, AZ – October 14, 2019

The FMD Group is pleased to welcome James M. (Mike) Waters as President. Mike will be responsible for overseeing all the companies within the FMD Group (Flow Management Devices, Oil and Gas Process Solutions, FMD Fabrication Services, and FMD Distribution and Service). Alex Ignatian will retain his position as Chief Executive Officer.

International School of Hydrocarbon Measurement (ISHM)

International School of Hydrocarbon Measurement (ISHM) May 14 - 16, 2019 Cox Business Services Convention Center - Oklahoma City, OK

FMD will be exhibiting and presenting:

Presentations include:

"The Not So Small" Small Volume Prover - Greg Williams
FPSO Measurement Systems - Steve Stewart
Hands-On Prover Workshop - Tim McGlynn