NORTHBROOK, Ill.–(BUSINESS WIRE)–IDEX Corporation today announced that it has completed its previously-announced acquisition of Iridian Spectral Technologies, a global leader in designing and manufacturing thin-film, multi-layer optical filters.
Based in Ottawa, Ontario, Canada, Iridian has proven expertise in optical filter design and production, serving the laser communications, telecommunications, and life sciences markets. Iridian provides support throughout a product’s lifecycle, from initial prototyping to high-volume manufacturing. It offers advanced, proprietary thin-film design deposition and manufacturing technology of durable, high-performance filter optics.
“The addition of Iridian expands our already strong array of optical technology offerings and aligns with our company’s strategic growth plans,” IDEX Chief Executive Officer and President Eric Ashleman said. “We welcome the Iridian team to IDEX, where they will increase our offerings in core markets we serve now and allow us to expand into new ones.”
Iridian joins IDEX Optical Technologies (CVI Laser Optics, CVI Infrared Optics, and Advanced Thin Films) within Scientific Fluidics & Optics in IDEX’s Health & Science Technology segment. Iridian will also be a strong partner in the life science filters business driven by the Semrock team of IDEX Health & Science.
IDEX Corporation (NYSE: IEX) makes thousands of products and mission-critical components that improve everyday life all around you. If you enjoy chocolate, it quite possibly passed through a Viking® internal gear pump at the candy factory. If you were ever in a car accident, emergency workers may have used the Hurst Jaws of Life® rescue tool to save your life. If your doctor ordered a DNA test to predict your risk of disease or determine a course of treatment, the lab may have used equipment containing components made by IDEX Health & Science. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call over 50 diverse businesses around the world part of the IDEX family. With more than 8,500 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global company with over $3.1 billion in annual sales, committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.