Teledyne Technologies Inc. this week closed its acquisition of systems manufacturer E2v Technologies in a $789 million deal, including stock options and net debt.
The Thousand Oaks aerospace, marine and energy products manufacturer adds complementary services through the acquisition as well as technical resources in locations, including the United Kingdom; Grenoble, France; and Seville, Spain.”
E2v is a United Kingdom manufacturer of image sensors, radio frequency subsystems and semiconductors for the space science, health care, defense and aerospace industries.
Teledyne Chief Executive Robert Mehrabian said the company will continue E2v’s 70-year legacy of innovation and specialized high technology products.
“From industrial machine vision to space-based imaging, microwave devices spanning radar to radiotherapy, and specialty semiconductors through micro electro-mechanical systems, our respective capabilities and engineering-centric cultures are truly a great fit,” Mehrabian said in a prepared statement.
The stock of Teledyne fell 90 cents, or less than one percent, on Wednesday to close at $126.14 on the New York Stock Exchange.