English

Teledyne Technologies acquires a portion of its optoelectronic business

681
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
  • Toshiba has developed the world's highest precision 99.9% LiDAR technology

    Recently, Toshiba announced that in the field of LiDAR lidar for distance measurement, it has developed a technology that can track vehicles, people, and other objects with 99.9% accuracy, achieving the world's highest accuracy. And only using LiDAR to collect data can achieve 98.9% object recognition.In addition, the detection distance in rainstorm and dense fog environments has been increased by...

    2023-10-06
    See translation
  • Scientists have used 3D integration technology to bring ultra-low noise lasers without isolators to silicon photonics

    After electronic integrated circuits (Eics), silicon (Si) photonics technology is expected to achieve photonic integrated circuits (PIC) with high density, advanced functions and portability. Although various silicon photonics fountifiers are rapidly developing PIC capabilities to enable mass production of modulators, photodetectors and, more recently, lasers, silicon PIC has not yet met the strin...

    2023-08-04
    See translation
  • Due to breakthroughs in microchip photonics, microwave signals have now become very accurate

    Zhao Yun/Columbia Engineering Company provided an advanced schematic of a photonic integrated chip, which aims to convert high-frequency signals into low-frequency signals using all optical frequency division.Scientists have built a small all optical device with the lowest microwave noise ever recorded on integrated chips.In order to improve the performance of electronic devices used for global n...

    2024-04-01
    See translation
  • UCI Cinemas collaborates with The Marvels to launch its new 4K laser projector

    Cinemas are in a developmental stage. Their roles are changing and the rules are being rewritten. Many people have proposed a way to make cinemas a truly unique place by providing audiences with a higher quality experience. It is along this route that UCI Cinemas continues to move forward. In recent days, it has officially launched a 4K laser projector and had a special date with the new MCU movie...

    2023-11-14
    See translation
  • Dalian Institute of Chemical Physics has made progress in the interdisciplinary field of photochemistry and photophysics

    Recently, the team led by Wu Kaifeng, a researcher at the Dalian Institute of Chemical Physics, Chinese Academy of Sciences, and Zhu Jingyi, an associate researcher, has made progress in the interdisciplinary field of photochemistry and photophysics. The team directly observed the quantum coherence properties of hybrid free radical pairs composed of quantum dots and organic molecules, achieving ef...

    01-09
    See translation