IDEX Acquires Photonics Co. CVI For $400M

Law360, New York (May 11, 2011, 6:57 PM EDT) -- Illinois-based industrial products maker IDEX Corp. said Wednesday that it has agreed to buy laser and photonic component manufacturer CVI Melles Griot Inc. from private equity firm Norwest Equity Partners for $400 million in cash.

Albuquerque, N.M.-based CVI will operate in IDEX’s health and technologies segment, and give the company a boost in its optics and segment platform.

The transaction marks IDEX’s third acquisition in the photonics market in as many years. Last year, the company bought Advanced Thin Films LLC, a film coatings maker. And...
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