IDEX Corp. Acquires Iridian Spectral Technologies
NORTHBROOK, Ill., April 27, 2023 — Illinois-based IDEX Corp. has agreed to acquire Iridian Spectral Technologies, an Ottawa, Ontario-based developer and manufacturer of optical filters for applications spanning remote sensing, medical and biophotonics, and telecom/datacom. The deal, expected to close later this quarter, carries an acquisition price of just over $110 million. According to IDEX, the acquisition complements its existing optical coating expertise, allowing it to expand its core capabilities to support current