Idex Acquires CVI Melles Griot

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.

CASTECH INC - High Precision CNC Polished Aspherical Lenses

About IDEX Health & Science LLC

Published: July 2011

Glossary

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: Remote sensing is a method of data collection and observation where information about objects, areas, or phenomena on Earth's surface is gathered from a distance, typically using sensors onboard satellites, aircraft, drones, or other platforms. This technique enables the monitoring and analysis of Earth's surface and atmosphere without direct physical contact. Remote sensing systems capture electromagnetic radiation (such as visible light, infrared, microwave, or radio waves) reflected or...

Browse Cameras & Imaging, Lasers, Optical Components, Test & Measurement, and more.