IDEX acquires optical components company ATFilms

Global fluidics company IDEX has entered into a definitive agreement to purchase Advanced Thin Films (ATFilms), a company specialising in optical components and coatings for applications in scientific research, defence, aerospace, telecommunications and electronics manufacturing.

Headquartered in Boulder in Colorado, US, ATFilms will operate within IDEX’s Health and Science Technologies segment as a part of the IDEX optical products platform.

ATFilms will be acquired for a cash consideration of $32m (£20m) and is expected, inclusive of all potential earn-out, to be accretive to earnings in 2011. 

The acquisition is expected to close by the end of the month, pending the discharge of indebtedness of the company.