2023-04-26 17:47:26 ET
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IDEX ( NYSE: IEX ) will buy Iridian Spectral Technologies for C$150 million cash, the company said on Wednesday.
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The Iridian deal will complement and strengthen IDEX's optical coating expertise and offerings, the company said.
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Iridian designs and manufactures thin-film, multi-layer optical filters serving the laser communications, telecommunications, and life sciences markets.
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The deal is expected to close in the current quarter.
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Once deal closes, Iridian will become part of IDEX Optical Technologies in IDEX’s Health & Science Technology segment.
For further details see:
IDEX bolsters optical coating offerings with C$150M Iridian purchase