English

Teledyne Technologies acquires a portion of its optoelectronic business

1448
2024-11-12 10:51:47
See translation

Recently, Teledyne Technologies announced that it has reached an agreement to acquire a portion of Excelitas Technologies' aerospace and defense electronics business for $710 million in cash.

This acquisition includes the optical systems business under the Qioptiq brand headquartered in North Wales, UK, as well as the Advanced Electronic Systems (AES) business headquartered in the United States.

It is understood that the optical systems business headquartered in the UK provides advanced optical components for head up displays, helmet displays, and tactical night vision systems under armor, as well as proprietary glass for space and satellite applications. In the United States, AES provides customized energy components for defense and space applications, including electronic security and arm devices, high-voltage semiconductor switches, and rubidium atomic frequency standards. This transaction is expected to be completed in early 2025 and is subject to meeting standard closing conditions, including obtaining regulatory approval.

Teledyne Technologies is a leading supplier of precision electronic equipment, auxiliary systems, instruments, and communication devices. Founded in 1960, it has four major departments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineering Systems. It holds industry leadership positions in multiple sub sectors such as environmental monitoring instruments and digital imaging.

Meanwhile, Teledyne Technologies has maintained stable sales and profit growth over the past 20 years, with sustained strong cash flow. The latest market value is about 19.2 billion US dollars, demonstrating its strong financial strength and market value.

In addition to this transaction, Teledyne Technologies and Micropac Industries have also announced that they have reached a final merger agreement, which stipulates that Micropac will merge with Teledyne's wholly-owned subsidiary. Teledyne will acquire all issued and outstanding common shares of Micropac for $20 per share in cash, valuing Micropac at $57.3 million. The transaction is expected to be completed by the end of 2024.

Micropac was founded in 1963, specializing in the design and manufacture of optoelectronic components, sensors and display assemblies, as well as microelectronic products, primarily for military, aerospace, and medical applications.

Source: OFweek

Related Recommendations
  • GeoCue introduces three new TrueView 3D imaging systems

    Earlier this month, GeoCue, a liDAR mapping hardware and software provider, announced the launch of three new products for its TrueView 3D imaging system. These new systems combine laser scanning and high-resolution imaging, including the TV625, TV680 and TV680LR. All three systems are NDAA-compliant.All three systems are designed to be used in conjunction with drones, and the company note...

    2023-08-04
    See translation
  • Shanghai Institute of Optics and Mechanics has made progress in studying the structure and properties of aluminum phosphate glass

    Recently, Hu Lili, a research team of the High Power Laser Unit Technology Laboratory of the Chinese Academy of Sciences Shanghai Institute of Optics and Fine Mechanics, used a method combining experiment, molecular dynamics simulation and quantitative structure property relationship analysis (QSPR) to study aluminum phosphate glass, and the related research results were published in the Journal o...

    2023-09-15
    See translation
  • New, low-cost, and high-efficiency photonic integrated circuits

    The rapid development of photonic integrated circuits (PICs) has combined multiple optical devices and functions on a single chip, completely changing optical communication and computing systems.For decades, silicon-based PICs have dominated the field due to their cost-effectiveness and integration with existing semiconductor manufacturing technologies, despite their limitations in electro-optic ...

    2024-05-10
    See translation
  • Novanta launches multi axis laser scanning head for microprocessing applications

    Novanta Corporation ("Novanta") announced the launch of the new generation of multi axis scanning head, the Precession Elephant III.This next-generation multi axis scanning head for microfabrication provides a simple upgrade path for existing and new customers to meet the growing market demand with faster and more accurate performance.The Precision Elephant III (PE III) utilizes proprietary optica...

    2024-07-18
    See translation
  • Micro optical technology based on metasurfaces has become a hot topic

    Introduction and application of a micro optical platform using metasurfacesMetasurfaces are artificial materials that excel in manipulating perception. Due to the fact that metasurfaces can reduce the size of lenses to one thousandth of traditional lenses, they have attracted great attention as optical components for miniaturization of next-generation virtual reality, augmented reality, and LiDAR ...

    2024-02-02
    See translation