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Idex Acquires CVI Melles Griot

Photonics Spectra
Jul 2011
Applied solutions company Idex Corp. of Lake Forest, Ill., announced on May 11 that it had entered into a definitive agreement to acquire CVI Melles Griot from Norwest Equity Partners. Based in Albuquerque, N.M., CVI Melles Griot, with annual revenue of $185 million, designs and manufactures lasers and optical equipment used in the life sciences, research, semiconductor, and security and defense markets for applications such as spectroscopy, cytometry, remote sensing, target designation and interferometry. CVI will operate within Idex’s Health and Science Technologies segment as an addition to the optics and photonics platform. At a price of approximately $400 million in cash, CVI is expected to be accretive to Idex’s earnings within the first full year after acquisition, according to a press release from Idex. CVI will now join ATFilms, bought earlier this year, and Semrock, acquired in 2008, said Idex chairman and CEO Larry Kingsley.



GLOSSARY
interferometry
The study and utilization of interference phenomena, based on the wave properties of light.
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
remote sensing
Technique that utilizes electromagnetic energy to detect and quantify information about an object that is not in contact with the sensing apparatus.
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