Teledyne Completes Acquisition of Select Aerospace and Defense Electronics Businesses of Excelitas
Teledyne Technologies (NYSE:TDY) has completed the acquisition of select aerospace and defense electronics businesses from Excelitas Technologies for approximately $710 million. The acquisition includes the Qioptiq® optical systems business in Northern Wales, UK, and a U.S.-based advanced electronic systems business.
The UK operation specializes in advanced optics for heads-up and helmet-mounted displays, tactical night vision systems, and proprietary glass for space applications. The U.S. business provides custom energetics, electronic safe & arm devices, high-voltage semiconductor switches, and rubidium frequency standards for defense and space applications.
The acquired businesses will be integrated into Teledyne's Aerospace and Defense Electronics segment under the name Teledyne Qioptiq. This marks Teledyne's tenth corporate carve-out transaction.
Teledyne Technologies (NYSE:TDY) ha completato l'acquisizione di alcune attività nel settore dell'elettronica aerospaziale e per la difesa da Excelitas Technologies per circa 710 milioni di dollari. L'acquisizione include l'attività dei sistemi ottici Qioptiq® nel Galles del Nord, Regno Unito, e un'attività di sistemi elettronici avanzati con sede negli Stati Uniti.
L'operazione nel Regno Unito si specializza in ottiche avanzate per display head-up e montati sul casco, sistemi di visione notturna tattica e vetro proprietario per applicazioni spaziali. L'attività statunitense fornisce energie personalizzate, dispositivi elettronici di sicurezza e attivazione, interruttori a semiconduttore ad alta tensione e standard di frequenza al rubidio per applicazioni di difesa e spaziali.
Le attività acquisite saranno integrate nel segmento Elettronica Aerospaziale e per la Difesa di Teledyne sotto il nome di Teledyne Qioptiq. Questo segna la decima operazione di carve-out aziendale di Teledyne.
Teledyne Technologies (NYSE:TDY) ha completado la adquisición de ciertos negocios de electrónica aeroespacial y de defensa de Excelitas Technologies por aproximadamente 710 millones de dólares. La adquisición incluye el negocio de sistemas ópticos Qioptiq® en el norte de Gales, Reino Unido, y un negocio estadounidense de sistemas electrónicos avanzados.
La operación en el Reino Unido se especializa en ópticas avanzadas para pantallas head-up y montadas en casco, sistemas de visión nocturna táctica y vidrio propietario para aplicaciones espaciales. El negocio estadounidense proporciona energías personalizadas, dispositivos electrónicos seguros y de activación, interruptores semiconductores de alta tensión y estándares de frecuencia de rubidio para aplicaciones de defensa y espaciales.
Los negocios adquiridos se integrarán en el segmento de Electrónica Aeroespacial y de Defensa de Teledyne bajo el nombre de Teledyne Qioptiq. Esta marca la décima transacción de carve-out corporativo de Teledyne.
Teledyne Technologies (NYSE:TDY)는 Excelitas Technologies로부터 약 7억 1000만 달러에 선택된 항공우주 및 방위 전자 사업을 인수 완료했습니다. 인수에는 영국 노던 웨일스에 있는 Qioptiq® 광학 시스템 사업과 미국에 본사를 둔 첨단 전자 시스템 사업이 포함됩니다.
영국 운영은 헤드업 및 헬멧 장착 디스플레이, 전술 야간 투시경 시스템, 우주 응용을 위한 독점 유리와 같은 첨단 광학에 전문화되어 있습니다. 미국 사업은 방위 및 우주 응용을 위한 맞춤형 에너지원, 전자 안전 및 기폭 장치, 고전압 반도체 스위치 및 루비듐 주파수 기준을 제공합니다.
인수된 사업체는 Teledyne Qioptiq라는 이름으로 Teledyne의 항공우주 및 방위 전자 부문에 통합될 것입니다. 이는 Teledyne의 열 번째 기업 분할 거래를 의미합니다.
Teledyne Technologies (NYSE:TDY) a finalisé l'acquisition de certaines entreprises d'électronique en aéronautique et défense auprès de Excelitas Technologies pour environ 710 millions de dollars. L'acquisition comprend l'entreprise de systèmes optiques Qioptiq® située dans le nord du Pays de Galles, au Royaume-Uni, ainsi qu'une entreprise américaine de systèmes électroniques avancés.
L'opération au Royaume-Uni se spécialise dans les optiques avancées pour affichages tête haute et montés sur casque, systèmes de vision nocturne tactique et verre propriétaire pour applications spatiales. L'entreprise américaine fournit des énergies personnalisées, des dispositifs électroniques de sécurité et d'activation, des interrupteurs à semi-conducteurs haute tension et des standards de fréquence au rubidium pour les applications de défense et spatiales.
Les entreprises acquises seront intégrées dans le segment Électronique Aérospatiale et Défense de Teledyne sous le nom de Teledyne Qioptiq. Cela marque la dixième transaction de carve-out d'entreprise de Teledyne.
Teledyne Technologies (NYSE:TDY) hat die Übernahme ausgewählter Geschäfte im Bereich der Luft- und Raumfahrt sowie der Verteidigungselektronik von Excelitas Technologies für etwa 710 Millionen Dollar abgeschlossen. Die Übernahme umfasst das optische Systemgeschäft Qioptiq® im Norden von Wales, Großbritannien, sowie ein in den USA ansässiges Unternehmen für fortschrittliche elektronische Systeme.
Das britische Unternehmen ist auf fortschrittliche Optik für Head-Up- und Helmdisplays, taktische Nachtsichtsysteme und proprietäres Glas für Raumfahrtanwendungen spezialisiert. Das US-Geschäft bietet maßgeschneiderte Energetik, elektronische Sicherheits- und Aktivierungsgeräte, Hochspannungs-Halbleiter-Schalter und Rubidium-Frequenzstandards für Verteidigungs- und Raumfahrtanwendungen an.
Die übernommenen Unternehmen werden unter dem Namen Teledyne Qioptiq in den Bereich Luft- und Raumfahrt und Verteidigungselektronik von Teledyne integriert. Dies markiert die zehnte Unternehmensspaltungstransaktion von Teledyne.
- Strategic acquisition worth $710 million expanding aerospace and defense portfolio
- Adds complementary technology and products in optical systems and advanced electronics
- Expands customer base in defense and space sectors
- Strengthens presence in UK and US markets
- Significant cash outlay of $710 million may impact short-term liquidity
Insights
This strategic
Strategic Value Drivers:
- Expansion into high-margin, specialized markets including heads-up displays, night vision systems and satellite optics
- Enhanced vertical integration capabilities through proprietary glass technology for space applications
- Strengthened presence in critical defense electronics with electronic safe & arm devices and high-voltage semiconductor switches
Market Position Enhancement: This acquisition solidifies Teledyne's role as a comprehensive solutions provider in aerospace and defense electronics. The addition of Qioptiq's specialized technologies creates significant cross-selling opportunities across their existing customer base while opening new market segments.
Integration Expertise: As their tenth corporate carve-out, Teledyne has demonstrated consistent success in integrating acquired businesses. Their track record suggests minimal operational disruption and efficient realization of synergies. The integration into their Aerospace and Defense Electronics segment should streamline operations and enhance market competitiveness.
Long-term Growth Catalyst: The acquisition positions Teledyne to capitalize on increasing defense modernization programs and space exploration initiatives. The complementary technology portfolio, particularly in advanced optics and specialized electronics, aligns with growing demand for sophisticated defense and space systems.
The
“We are pleased to have expeditiously closed this acquisition, which represents our tenth corporate carve-out transaction,” said Robert Mehrabian, Executive Chairman. “Teledyne Qioptiq adds new technology and highly complementary products and customers, and we are delighted to welcome this business and its employees to Teledyne.”
“The combination of Teledyne Qioptiq’s technologies and our existing broad portfolio of defense products will give us additional opportunities to deliver solutions to our customers,” said George Bobb, President and Chief Operating Officer. Doug Benner, EVP and GM, Teledyne Qioptiq added, “We are excited about the future and look forward to a seamless integration that will benefit our employees and customers.”
About Teledyne
Teledyne is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in
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 of a business. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of Teledyne and the acquired businesses to achieve anticipated synergies and Teledyne’s ability to integrate the acquired businesses, as well as market and economic conditions beyond Teledyne’s control, could change anticipated results. There are additional risks associated with operating businesses internationally, including those arising from
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Jason VanWees
(805) 373-4542
Source: Teledyne Technologies Incorporated
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