Advanced Imaging

AdvancedImagingPro.com

   

Industry News

Updated: July 8th, 2008 05:26 PM CDT

Teledyne Completes Acquisition of Rockwell Scientific Company LLC

Advertisement
via PRNewswire

LOS ANGELES , Sept. 18 /PRNewswire-FirstCall/ -- Teledyne Technologies Incorporated (NYSE: TDY) announced today that it has completed its acquisition of Rockwell Scientific Company LLC for $167.5 million in cash, with the sellers retaining certain liabilities. Rockwell Scientific, headquartered in Thousand Oaks, Calif., is a leading provider of research and development services, as well as a leader in developing and manufacturing infrared andvisible light imaging sensors for surveillance applications.

Rockwell Scientific, which was 50 percent owned by each of Rockwell Automation, Inc. (NYSE: ROK) and Rockwell Collins, Inc. (NYSE: COL), will operate under the names Teledyne Scientific Company and Teledyne ImagingSensors. Teledyne funded the acquisition primarily from borrowings under its$400 million credit facility. For its fiscal year ended September 30, 2005 ,Rockwell Scientific had revenue of $114 million.

Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and powergeneration systems. Teledyne Technologies has operations in the United States , the United Kingdom , Mexico and Canada . For more information, visit Teledyne Technologies' website at www.teledyne.com.

Forward-Looking Statements Cautionary Notice

This press release contains forward-looking statements, as defined in thePrivate Securities Litigation Reform Act of 1995, with respect toacquisitions. Actual results could differ materially from theseforward-looking statements. Many factors, including the company's ability tointegrate the acquisition and achieve potential synergies, could changeanticipated results.

SOURCE Teledyne Technologies Incorporated


News stories provided by third parties are not edited by "Site Publication" staff. For suggestions and comments, please click the Contact link at the bottom of this page.


Subscribe to our RSS Feeds