EXHIBIT 99.1

   IDEX CORPORATION COMPLETES ACQUISITION OF ADS, LLC (PREVIOUSLY REFERRED TO
                        AS NOVA TECHNOLOGIES CORPORATION)

NORTHBROOK, IL, JANUARY 2, 2008 -- IDEX CORPORATION (NYSE: IEX) today announced
that it has completed its previously announced acquisition of ADS, LLC
(previously referred to as Nova Technologies Corporation). ADS, LLC is a leading
provider of metering technology and flow monitoring services for the water and
wastewater markets. Headquartered in Huntsville, Alabama, with regional sales
and service offices throughout the United States and Australia, ADS, LLC has
annual revenues of approximately $70 million. The total purchase price was
approximately $160 million.

About IDEX

IDEX Corporation is an applied solutions company specializing in fluid and
metering technologies, health and science technologies, dispensing equipment,
and fire, safety and other diversified products built to its customers' exacting
specifications. Its products are sold in niche markets 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".