|[April 11, 2012]
IDEX Corporation Acquires Precision Photonics
LAKE FOREST, Ill. --(Business Wire)--
IDEX Corporation (NYSE: IEX (News - Alert)) today announced it has completed the
purchase of Precision Photonics Corporation ("PPC") for cash
consideration of $20 million. PPC, located in Boulder Colorado,
specializes in optical components and coatings for applications in the
fields of scientific research, aerospace, telecommunications and
electronics manufacturing. PPC will operate in IDEX's Optics and
Photonics platform within the Health and Science Technologis segment.
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".
For further information on IDEX Corporation and its business units,
visit the company's Web site at www.idexcorp.com.
[ Back To TMCnet.com's Homepage ]