IDEX Corporation acquires optical filter producer Semrock
27 October 2008
IDEX Corporation (NYSE: IEX) has announced the acquisition of Semrock,
the leading provider of optical filters for biotech and analytical
instrumentation in the life sciences markets, for about $60 million.
Semrock’s products are used in the biotechnology and analytical
instrumentation industries. Semrock produces optical filters using
state-of-the-art manufacturing processes which enable them to offer
significant improvements in the performance and reliability of their
Headquartered in Rochester, New York, Semrock has annual revenues of
approximately $21 million. Semrock will operate as a stand-alone
business within IDEX’s Health and Science Technologies segment.
IDEX Chairman and Chief Executive Officer Larry Kingsley stated, “We
are extremely pleased with Semrock’s decision to become part of IDEX.
Semrock is well known for their quality optical filters for biotech and
analytical instrumentation in life sciences. Their expertise enables the
continued expansion of our core capabilities in integrated fluidic
applications. The acquisition of Semrock extends our offerings to
existing OEMs and provides us with significant access to new
opportunities within the health and life sciences market.”
Mr. Kingsley added, “Inclusive of the recent acquisitions of Richter,
iPEK, IETG and Semrock, we are adding approximately $130 million of
revenue and approximately $33 million of EBITDA to our annual results.”
Semrock’s President, Victor Mizrahi, stated, “We are excited to
become part of IDEX and its Health and Sciences Technologies segment.
IDEX is a recognized leader within the health and science market and is
well known for its broad fluidics platform and significant solution
capabilities. We look forward to developing the resulting customer
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