IDEX Corporation to Acquire Iridian Spectral Technologies to Expand Optical Coating Capabilities

Posted  by GoPhotonics

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IDEX Corporation, a publicly traded company engaged in the development, design, and manufacture of fluidics systems, optics systems, fire and rescue equipment, and other specialty engineered products, announced that it has entered into a definitive agreement to acquire Iridian Spectral Technologies, a global leader in designing and manufacturing thin-film, multi-layer optical filters, for cash consideration of 150 million Canadian dollars. The acquisition complements existing IDEX optical coating expertise, allowing IDEX to expand its core capabilities to support current and future markets.

The purchase is expected to close later this quarter, subject to customary closing conditions, at which point Iridian will join the businesses of IDEX Optical Technologies 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. 

“This acquisition strongly supports our strategic growth plan,” IDEX Chief Executive Officer and President Eric Ashleman said. “It expands our talent, technology and product portfolio in optical filters, enabling us to better compete in our core markets, and expand into new markets that we believe will drive profitable growth.” 

Iridian has proven expertise in optical filter design and production, providing support throughout a product’s lifecycle, from initial prototyping to high-volume manufacturing. They offer advanced, proprietary thin-film design deposition and manufacturing technology of durable, high-performance filter optics. 

Iridian has a strong brand reputation and an established, loyal customer base, which complements the IDEX Optical Technology brands (CVI Laser Optics, CVI Infrared Optics, and Advanced Thin Films) along with the IDEX Health & Science, Semrock optical filters product line.

About IDEX

IDEX Corporation is a global company that produces a vast range of products and mission-critical components aimed at enhancing everyday life. Established in 1988 through the merger of three small manufacturing companies, IDEX now encompasses over 50 diverse businesses worldwide. The company boasts a workforce of over 8,500 employees and manufacturing operations in more than 20 countries. With annual sales exceeding $3.1 billion, IDEX is a high-performing organization committed to delivering reliable solutions that improve people's lives.

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