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Stock Market & Financial Investment News

News For IEX From The Last 14 Days
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July 1, 2015
16:34 EDTIEXIDEX Corp. acquires CIDRA Precision Services for $19.5M
IDEX Corp. announced the acquisition of CIDRA Precision Services. Located in Wallingford, CT, CIDRA has revenues of approximately $9M and will operate in our Scientific Fluidics platform, and as part of the Health & Science Technologies segment. CIDRA was acquired for a cash consideration of $19.5M with an earn-out up to $5.5M contingent on the achievement of financial objectives in the 12-month period following closing. The transaction is expected to be accretive to IDEX earnings in the first full year after closing.

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