LAKE FOREST, Ill.--(BUSINESS WIRE)--Apr. 11, 2012-- IDEX Corporation (NYSE: IEX) 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 Technologies 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.
Source: IDEX Corporation
Vice President - Chief Financial Officer