Robert Mehrabian

Teledyne Completes Acquisition of FLIR

Retrieved on: 
Friday, May 14, 2021
Software, Defense, Other Defense, Hardware, Engineering, Technology, Manufacturing, Other Technology, Companies, States of the United States, Teledyne Technologies, California, Robert Mehrabian, Acoustic Research, Forward-looking infrared

FLIR will now be included in Teledyne\xe2\x80\x99s Digital Imaging segment and operate under the name Teledyne FLIR.\nUnder the terms of the agreement, FLIR stockholders received $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of approximately $57.40 per FLIR share based on Teledyne\xe2\x80\x99s closing price on May 13, 2021.

Key Points: 
  • FLIR will now be included in Teledyne\xe2\x80\x99s Digital Imaging segment and operate under the name Teledyne FLIR.\nUnder the terms of the agreement, FLIR stockholders received $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of approximately $57.40 per FLIR share based on Teledyne\xe2\x80\x99s closing price on May 13, 2021.
  • Edwin Roks, current Vice President of Teledyne and President of Teledyne\xe2\x80\x99s Digital Imaging Segment, is now Executive Vice President of Teledyne.
  • Edwin will continue to serve as President of Teledyne\xe2\x80\x99s Digital Imaging Segment, which now includes Teledyne FLIR.
  • In addition, Todd Booth is promoted to Senior Vice President and Chief Financial Officer for the acquired Teledyne FLIR group of businesses.\n\xe2\x80\x9cWe appreciate the support from our stockholders, and I am delighted to welcome FLIR to the Teledyne family,\xe2\x80\x9d said Robert Mehrabian, Executive Chairman of Teledyne.

Teledyne Acquires OakGate Technology

Retrieved on: 
Monday, January 6, 2020
Software, Technology, Hardware, Companies, States of the United States, Teledyne Technologies, Economy of the United States, LeCroy Corporation, Robert Mehrabian, TDY, Cloud computing, Teledyne Controls, Henry Earl Singleton

Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne LeCroy, Inc., has acquired OakGate Technology, Inc. (OakGate).

Key Points: 
  • Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne LeCroy, Inc., has acquired OakGate Technology, Inc. (OakGate).
  • Based in Loomis, California, OakGate provides software and hardware designed to test electronic data storage devices from development through manufacturing and end-use applications.
  • Teledyne LeCroy and OakGate serve similar customers ranging from silicon device suppliers to cloud storage operators, said Robert Mehrabian, Executive Chairman of Teledyne.
  • Many factors, including the ability of Teledyne and OakGate to achieve anticipated synergies, as well as market and economic conditions beyond Teledynes control, could change anticipated results.