WASHINGTON (dpa-AFX) - IDEX Corp. (IEX) announced it has completed the purchase of Precision Photonics Corporation or 'PPC' for cash consideration of $20 million.
PPC, located in Boulder Colorado, specializes in optical components and coatings for applications in the fields of scientific research, aerospace, telecommunications and electronics manufacturing. PPC will operate in IDEX's Optics and Photonics platform within the Health and Science Technologies segment, the company said.
Copyright RTT News/dpa-AFX
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