Teledyne Completes Buy Out of Communications Company

Teledyne Technologies Inc. completed its acquisition of Intelek plc, a deal worth about $52 million. With the acquisition the Thousand Oaks-based aerospace, defense and energy manufacturer adds three new divisions to design and manufacturer electronic systems for satellite and microwave communications. The Datacom division headquartered in Pennsylvania serves the the terrestrial segment of the satellite communications market; the Labtach division makes components primarily for the defense electronics, global telecommunications, space and satellite communications markets; and the CML Group division manufactures precision machined and composite aerostructures for military and commercial aircraft. Following the acquisition the three divisions will change their names to Teledyne Paradise Datacom, Teledyne Labtech and Teledyne CML Group. Mark R. Madler