IDEX Corporation announced today the acquisition of the intellectual property assets of Phantom Controls. Located in St. Louis, MO, Phantom Controls will operate within the IDEX Fire & Safety/Diversified segment.
The deal combines the water-flow expertise of leading brands Hale Products, Akron Brass and Class 1 Electronics and the operational capabilities and innovative pump operation of Phantom’s system called S.A.M. (Scene Apparatus Manager). The S.A.M. technology improves fire ground safety and reduces operational complexity during mission critical response.
“Our mission is to provide trusted solutions that improve lives,” stated Andy Silvernail, IDEX Chairman and Chief Executive Officer. “This next generation of fire suppression technology builds on our proven control systems and water-flow product portfolio. The acquisition of Phantom Controls is an excellent fit within our fire and safety group creating new opportunities to accelerate our growth strategy.”
Source: Street Insider
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