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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): APRIL 28, 2004
IDEX CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-10235 36-3555336
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
630 DUNDEE ROAD
NORTHBROOK, ILLINOIS 60062
(Address of principal executive offices, including zip code)
(847) 498-7070
(Registrant's telephone number)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On April 28, 2004, IDEX Corporation issued a press release announcing
the acquisition of Systec, Inc. A copy of this press release is
included below.
IDEX CORPORATION ACQUIRES SYSTEC, INC.
NORTHBROOK, IL, APRIL 28, 2004 -- IDEX CORPORATION (NYSE: IEX), the
world's leading provider of positive displacement pumps, dispensing
equipment for color formulation, and other highly engineered
products, today announced the acquisition of Systec, Inc., a leader
in the design and manufacture of vacuum degassing products for the
analytical chemistry instrumentation market. Systec will be operated
as part of IDEX's Pump Products Group. Terms of the cash transaction
were not disclosed.
Headquartered in New Brighton, Minnesota, Systec has annual sales of
approximately $9 million. Its primary products include miniaturized
Teflon(R) diaphragm vacuum pumps and controls, Teflon(R) AF degassing
chambers and transfer lines and spectrophotometer flow cells.
Degassing of fluids is critical to the instrumentation and analytical
chemistry markets since dissolved gasses within a given fluid can be
detrimental to the accuracy of test results.
ABOUT IDEX
IDEX Corporation is a manufacturer of proprietary pump and metering
products, dispensing equipment and other engineered products with
leading positions in niche markets. Its products are sold to a wide
range of industries throughout the world. IDEX shares are traded on
the New York Stock Exchange and Chicago Stock Exchange under the
symbol "IEX."
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Exchange Act of 1934, as amended. These statements
are indicated by words or phrases such as "anticipate," "estimate,"
"plans," "expects," "projects," "should," "will," "management
believes," "the company believes," "the company intends," and similar
words or phrases. 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 news release.
For a discussion of such risks and factors that could cause actual
results to differ from those contained in the forward-looking
statements, please see "Risk Factors" in the company's annual report
or Form 10-K for the most recent fiscal year, as well as the
company's other filings with the Securities and Exchange Commission.
Management undertakes no obligation to publicly update the
forward-looking statements contained in this release. Investors are
cautioned not to rely unduly on forward-looking statements when
evaluating the information presented here.
FOR FURTHER INFORMATION ON IDEX CORPORATION AND ITS BUSINESS UNITS,
VISIT THE COMPANY'S WEB SITE AT WWW.IDEXCORP.COM.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IDEX CORPORATION
/S/ DOMINIC A. ROMEO
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Dominic A. Romeo
Vice President and Chief Financial Officer
April 28, 2004