Teledyne Acquires Remaining Interest in Optech

THOUSAND OAKS, Calif. — (BUSINESS WIRE) — April 30, 2015 — Teledyne Technologies Incorporated (NYSE: TDY) announced today that its subsidiary, Teledyne DALSA, Inc., acquired the remaining minority interest in the parent company of Optech Incorporated, bringing its ownership interest to 100%. Terms of the transaction were not disclosed.

Headquartered in Vaughan, Ontario, Optech is a leader in advanced laser-based survey and digital imaging instrumentation. Founded in 1974, Optech provides advanced light detection and ranging (LIDAR) systems used in airborne mapping and laser bathymetry, as well as mobile mapping and terrestrial imaging. Optech’s imaging and mapping systems are used by a broad range of global customers engaged in the energy, natural resources and infrastructure industries, as well as government customers.

“We have always been excited by Optech’s strong technology and products,” said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. “In particular, the timing of this transaction demonstrates our confidence in recent product releases, including the new Galaxy and multi-wavelength Titan airborne mapping systems, as well as the updated workflow in Optech’s mobile imagers.”

Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne Technologies’ website at www.teledyne.com.

Forward-Looking Statements Cautionary Notice

This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to an acquisition and product releases. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of the Company and Optech to achieve anticipated synergies, as well as market and economic conditions beyond either company’s control, could change anticipated results. There are additional risks associated with investing in businesses internationally, including those arising from U.S. and foreign government policy and regulatory changes or actions and exchange rate fluctuations.

 



Contact:

Investors:
Teledyne Technologies Incorporated
Jason VanWees
805-373-4542

 




Review Article Be the first to review this article
Featured Video
Editorial
More Editorial  
Jobs
Applications Engineer for intersil at Palm Bay, FL
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Design Verification Engineer for intersil at Morrisville, NC
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, CA
Upcoming Events
Essentials of Digital Technology at MD - Feb 13 - 14, 2018
IPC APEX EXPO 2018 at San Diego Convention Center San Diego CA - Feb 24 - 1, 2018
DVCon US 2018 at Double Tree Hotel San Jose CA - Feb 26 - 1, 2018
5th EAI International Conference on Big data and Cloud Computing Challenges at Vandalur, Kelambakkam high road chennai Tamil Nadu India - Mar 8 - 9, 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise