78.5 F
San Fernando
Thursday, Nov 21, 2024

Teledyne Dives into Ocean Mapping

Teledyne Technologies Inc. added to its digital imaging segment with the acquisition of a Canadian company that develops marine mapping software, the company announced Friday. Terms of the deal between Teledyne, in Thousand Oaks, and Caris, in Fredericton, New Brunswick, were not disclosed. Closing of the transaction is expected during the second quarter. Caris, founded in 1979, develops software used in bathymetry, seafloor imagery and water column data processing. Teledyne Chief Executive Robert Mehrabian said the Caris software complements the company’s marine instrumentation and digital imaging businesses. “Caris immediately extends our marine capabilities, advancing the delivery of imaging and information from Teledyne’s broad portfolio of marine sensors and systems,” Mehrabian said in a prepared statement. Caris will continue its operations as part of Teledyne’s digital imaging business segment. Shares closed down 3 cents, or a fraction of one percent, to $87.10 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

Featured Articles

Related Articles