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Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On July 1, 2015, the Company announced the acquisition of CiDRA Precision Services, LLC for cash consideration of approximately $19.5 million with an earn-out of up to $5.5 million contingent on the achievement of financial objectives in the 12-month period following the close. CiDRA Precision Services, LLC, located in Wallingford, CT, is a leader in the design, manufacture and sale of microfluidic components serving the life science, health and industrial markets. CiDRA Precision Services, LLC has annual revenues of approximately $9 million and will operate within our Health & Sciences Technologies segment.
On July 15, 2015 the Company announced the appointment of Eric Ashleman to the role of Chief Operating Officer. Mr. Ashleman will be responsible for the operations of all IDEX business units and segments. The Company is currently in the process of assessing the impact, if any, on internal controls and financial reporting.