M&A Deal Summary

IDEX Acquires Iridian

On April 26, 2023, IDEX acquired manufacturer Iridian for 150M CAD

Acquisition Highlights
  • This is IDEX’s 11th transaction in the Manufacturing sector.
  • This is IDEX’s 11th largest (disclosed) transaction.
  • This is IDEX’s 1st transaction in Canada.
  • This is IDEX’s 1st transaction in Ontario.

M&A Deal Summary
Date 2023-04-26
Target Iridian
Sector Manufacturing
Buyer(s) IDEX
Deal Type Add-on Acquisition
Deal Value 150M CAD

Target

Iridian

Ottawa, Ontario, Canada
Iridian is focused on designing and manufacturing thin-film, multi-layer optical filters serving the laser communications, telecommunications, and life sciences markets. Iridian is based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

IDEX

Northbrook, Illinois, United States
Category Company
Founded 1987
Sector Manufacturing
Employees8,800
Revenue 3.3B USD (2023)
DESCRIPTION

IDEX is engaged in the development, design, and manufacture of fluidics systems and specialty-engineered products. IDEX was founded in 1987 and is based in Northbrook, Illinois.

DEAL STATS #
Overall 26 of 28
Sector (Manufacturing) 11 of 13
Type (Add-on Acquisition) 23 of 25
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 2
Size (of disclosed) 11 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Muon

Eerbeek, Netherlands

Muon is a provider of mission-critical micro precision solutions with its comprehensive portfolio of miniaturization technologies, Muon is uniquely positioned to supply mission-critical micro precision components to end-user applications in medical, semiconductor, digital printing, and filtration. Muon is based in Eerbeek, Netherlands.

Buy €700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Superior Technical Ceramics

St. Albans, Vermont, United States

Superior Technical Ceramics offers unique technical ceramic solutions to a wide range of industries, including aerospace, defense, analytical instrumentation, energy, oil and gas, semiconductor, and more. Superior Technical Ceramics was founded in 1898 and is based in St. Albans, Vermont.

Buy $206M
Mergr

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