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Teledyne Taps Funding for Underwater Map Technology

Teledyne CARIS, a subsidiary of Teledyne Technologies Inc. in Thousand Oaks, has received “significant funding” from Canada’s Ocean Supercluster to develop a software system for remote underwater surveying.

Chatsworth Aerospace Firm Acquires Rights to Pratt & Whitney Engine Parts

Chatsworth aerospace manufacturer Ontic has acquired manufacturing rights from Pratt & Whitney Canada Corp. for more of its JT15D engine parts.

Camarillo Apartment Complex Sells for $96 Million

In Camarillo, a 213-apartment complex known as Las Positas has garnered $95.75 million, or $449,530 per unit.

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Fourth-Generation Family Member to Lead Bobrick Washroom Equipment

Matthew Louchheim has been named president of Bobrick Washroom Equipment Inc., the fourth generation to lead the family-owned company.

Teledyne Instruments to Land on Asteroid

Instruments from Teledyne Technologies Inc. are aboard a NASA spacecraft that is scheduled to land on an asteroid.

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Montrose Man Pleads Not Guilty in Adult Website Investment Plot

A Montrose man pleaded not guilty to a charge of wire fraud for allegedly defrauding investors out of more than $1 million through an adult entertainment website scam.

Market Scan, GM to Better Car Buying

Camarillo firm to work on ‘Shop. Click. Drive’ platform.

Market Scan Information Systems Inc. announced this month it would integrate its software with General Motors Co.’s “Shop. Click. Drive” digital retailing platform.

Gelt and Uhon Secure $83 Million Bridge Loan for Watermark Project

Real estate developers Gelt Inc. and Uhon have secured $83 million in bridge refinancing on behalf of its joint venture The Watermark Apartments in Reseda.

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Insomniac Games Plays into Sony’s PS5 Launch

Console marketing features ‘Miles Morales,’ ‘Rift.’

Video games made by a Burbank development studio played a central role in the launch of Sony Corp.’s next-generation PlayStation 5 console.

Large Companies Learn to Ratchet Up Growth

LIST: Expansion at scale occurs in essential sectors such as tools and trucking.

It’s a major milestone for small businesses to execute a strategy for fast growth, but large companies in the Valley have learned to grow at double-digit rates despite their bulk.

Gelt Buys Oregon Multifamily for $30 Million

Tarzana-based real estate firm Gelt Inc. has made a $30 million investment in Gresham, Ore. with the acquisition of Silverwood Apartments.

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AROUND THE VALLEYS

AROUND THE VALLEYS

AROUND THE VALLEYS

Freight Right Global Logistics Inc.

Freight Right Global Logistics Inc.

Freight Right Global Logistics Inc.’s business model brings technology to the commercial transportation sector.

Farmers Insurance Buys MetLife Auto & Home

A subsidiary of insurance carrier Farmers Group Inc. will acquire MetLife Auto & Home, the property and casualty division of MetLife Inc.

Skateland Turns to Homeless Facility

Hope of the Valley to buy the closed rink in Northridge.

The owners of iconic Northridge roller skating rink Skateland have announced they plan to sell the property at 18140 Parthenia St. to homeless services nonprofit Hope of the Valley, which will transform the building into a bridge housing facility.

AROUND THE VALLEYS

AROUND THE VALLEYS

Avantus’ Buying Spree Fixes on Fastener Firms

Aviation company makes three strategic acquisitions.

Avantus Aerospace in Santa Clarita assembling a fastener division to compete against rivals.

Pandemic Effects Boost Private Company Sales

LIST: From data storage to online sales, entrepreneurs adapt to the times.

Among companies on the Business Journal’s list of Private Companies with the biggest increases in revenue was Lamps Plus Inc. The Chatsworth retailer of lamps, lighting fixtures and home furnishings saw its revenue rise by 166 percent in 2019 to put it at No. 13 on the list. The previous year, the company had been No. 24 with $150 million in revenue for 2018, a Business Journal estimate.

Extra Work on Teledyne’s French Acquisition

TECHNOLOGY: Company adjusts terms and price to reach deal with government.

In a rare move by a company that has grown through its acquisitions, Teledyne Technologies Inc. has made only one in the past year.

Lief Labs

Lief Labs

Lief Organics, doing business as Lief Labs, has bulked up its industrial muscles during the pandemic.