About This Deal

IDEX Corporation acquired Iridian Spectral Technologies for $109.8 million (cash), a transaction completed in May 2023, structured as all cash (stock acquisition).

Iridian Spectral Technologies operates in Health & Science Technologies (Scientific Fluidics & Optics), is based in Ottawa, Canada. Global leader in designing and manufacturing thin-film, multi-layer optical filters serving the laser communications, telecommunications and life sciences markets. Headquartered in Ottawa, Canada.

Expands IDEX's array of optical technology offerings.

Scientific Fluidics & Optics reporting unit within the HST segment

Deal Terms

Acquirer
IDEX Corporation
Target
Iridian Spectral Technologies
Value
$109.8 million (cash)
Date
May 2023
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Ottawa, Canada
Segment
Health & Science Technologies (Scientific Fluidics & Optics)
Structure
All cash (stock acquisition)
Announced
May 19, 2023
Closed
May 19, 2023

In Their Words

On May 19, 2023, the Company acquired Iridian Spectral Technologies in a stock acquisition. Iridian is a global leader in designing and manufacturing thin-film, multi-layer optical filters serving the laser communications, telecommunications and life sciences markets and expands the Company's array of optical technology offerings.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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