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NORTHBROOK, Unwell. — IDEX Corporation (NYSE:IEX) in the present day introduced that it has accomplished its previously-announced acquisition of Iridian Spectral Applied sciences (“Iridian”), a world chief in designing and manufacturing thin-film, multi-layer optical filters.
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Based mostly in Ottawa, Ontario, Canada, Iridian has confirmed experience in optical filter design and manufacturing, serving the laser communications, telecommunications, and life sciences markets. Iridian gives help all through a product’s lifecycle, from preliminary prototyping to high-volume manufacturing. It presents superior, proprietary thin-film design deposition and manufacturing expertise of sturdy, high-performance filter optics.
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“The addition of Iridian expands our already sturdy array of optical expertise choices and aligns with our firm’s strategic progress plans,” IDEX Chief Government Officer and President Eric Ashleman mentioned. “We welcome the Iridian crew to IDEX, the place they’ll improve our choices in core markets we serve now and permit us to increase into new ones.”
Iridian joins IDEX Optical Applied sciences (CVI Laser Optics, CVI Infrared Optics, and Superior Skinny Movies) inside Scientific Fluidics & Optics in IDEX’s Well being & Science Expertise section. Iridian may also be a robust companion within the life science filters enterprise pushed by the Semrock crew of IDEX Well being & Science.
Cautionary Notice Relating to Ahead-Trying Statements
This press launch comprises “forward-looking” statements inside the which means of the Non-public Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements embody statements relating to the anticipated advantages of the acquisition of Iridian, the anticipated affect of the acquisition on IDEX’s product choices or proposed product choices, the enhancement of IDEX’s enterprise technique, and anticipated progress alternatives. These statements are topic to inherent uncertainties and dangers that would trigger precise outcomes to vary materially from these anticipated on the date of this press launch. The dangers and uncertainties embody, however usually are not restricted to, the next: ranges of commercial exercise and financial circumstances within the U.S. and different international locations all over the world, together with uncertainties within the monetary markets and hostile developments affecting the monetary companies trade; pricing pressures, together with inflation and rising rates of interest, and different aggressive elements and ranges of capital spending in sure industries, all of which may have a cloth affect on order charges and IDEX’s outcomes; the affect of well being epidemics and pandemics and terrorist assaults and wars, together with the continued battle between Russia and Ukraine, which may have an hostile affect on IDEX’s enterprise by creating disruptions within the international provide chain and by doubtlessly having an hostile affect on the worldwide economic system; IDEX’s potential to combine Iridian and to accumulate, combine and function different acquired companies on a worthwhile foundation; the connection of the U.S. greenback to different currencies and its affect on pricing and price competitiveness; political and financial circumstances in international international locations by which IDEX operates; developments with respect to commerce coverage and tariffs; rates of interest; capability utilization and the impact this has on prices; labor markets; provide chain backlogs, together with dangers affecting part availability, labor inefficiencies and freight logistical challenges; market circumstances and materials prices; dangers associated to environmental, social and company governance points, together with these associated to local weather change and sustainability; and developments with respect to contingencies, corresponding to litigation and environmental issues. Further elements that would trigger precise outcomes to vary materially from these mirrored within the forward-looking statements embody, however usually are not restricted to, the dangers mentioned within the “Danger Elements” part included in IDEX’s most up-to-date annual report on Kind 10-Okay and IDEX’s subsequent quarterly experiences filed with the Securities and Alternate Fee (“SEC”) and the opposite dangers mentioned in IDEX’s filings with the SEC. The forward-looking statements included listed here are solely made as of the date of this press launch, and administration undertakes no obligation to publicly replace them to replicate subsequent occasions or circumstances, besides as could also be required by regulation. Buyers are cautioned to not rely unduly on forward-looking statements when evaluating the knowledge introduced right here.
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About IDEX
IDEX Company (NYSE: IEX) makes hundreds of merchandise and mission-critical elements that enhance on a regular basis life throughout you. If you happen to take pleasure in chocolate, it fairly presumably handed by means of a Viking® inner gear pump on the sweet manufacturing unit. If you happen to had been ever in a automotive accident, emergency employees could have used the Hurst Jaws of Life® rescue device to avoid wasting your life. In case your physician ordered a DNA check to foretell your threat of illness or decide a course of remedy, the lab could have used gear containing elements made by IDEX Well being & Science. Based in 1988 with three small, entrepreneurial manufacturing corporations, we’re proud to say that we now name over 50 various companies all over the world a part of the IDEX household. With greater than 8,500 workers and manufacturing operations in additional than 20 international locations, IDEX is a high-performing, international firm with over $3.1 billion in annual gross sales, dedicated to creating trusted options that enhance lives. IDEX shares are traded on the New York Inventory Alternate below the image “IEX”.
For additional info on IDEX Company and its enterprise models, go to IDEX’s web site at www.idexcorp.com.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20230522005301/en/
Contacts
Investor Contact
IDEX Company
Allison Lausas
Vice President and Chief Accounting Officer
+1 847-498-7070
investorrelations@idexcorp.com
Media Contact:
IDEX Company
Mark Spencer
+1 847-457-3793
mdspencer@idexcorp.com
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