M&A Deal Summary

AVIC International Acquires Teledyne Continental Motors

On December 14, 2010, AVIC International acquired aerospace company Teledyne Continental Motors from Teledyne Technologies for 186M USD

Acquisition Highlights
  • This is AVIC International’s 2nd transaction in the Aerospace sector.
  • This is AVIC International’s 2nd largest (disclosed) transaction.
  • This is AVIC International’s 2nd transaction in the United States.
  • This is AVIC International’s 2nd transaction in Alabama.

M&A Deal Summary

Date 2010-12-14
Target Teledyne Continental Motors
Sector Aerospace
Buyer(s) AVIC International
Sellers(s) Teledyne Technologies
Deal Type Divestiture
Deal Value 186M USD

Target

Teledyne Continental Motors

Mobile, Alabama, United States
Teledyne Continental Motors is a manufacturer of FAA-certified piston engines, as well as spare parts and components, used in small propeller-driven general aviation aircraft around the world. Continental Motors employs approximately 400 workers in Mobile, and has been a highly reliable manufacturer of commercial aircraft piston engines for more than 80 years.

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Buyer(S) 1

Buyer

AVIC International

Beijing, China

website


Category Company
Sector Aerospace
DESCRIPTION

AVIC International’s mission is to develop overseas markets for the civilian aviation industry and expand international investment.


DEAL STATS #
Overall 2 of 5
Sector (Aerospace) 2 of 5
Type (Divestiture) 2 of 2
State (Alabama) 2 of 2
Country (United States) 2 of 3
Year (2010) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-14 Continental Motors

Mobile, Alabama, United States

Continental Motors is a manufacturer of FAA-certified piston engines, as well as spare parts and components, used in small propeller-driven general aviation aircraft around the world. Continental Motors is based in Mobile, Alabama, and has been a highly reliable manufacturer of commercial aircraft piston engines for more than 80 years. Continental Motors also maintains service centers in Fairhope, Alabama and Mattituck, New York.

Buy $186M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 Align Aerospace

Chatsworth, California, United States

Align Aerospace is a distributor of aerospace fasteners and other hardware, primarily to aerospace original equipment manufacturers.

Buy -

Seller(S) 1

SELLER

Teledyne Technologies

Thousand Oaks, California, United States

website


Category Company
Founded 1960
Sector Test/Measurement Equipment
Employees10,670
Revenue 5.5B USD (2022)
DESCRIPTION
Entrance to Teledyne's corporate campus in Thousand Oaks, California.
Entrance to Teledyne's corporate campus in Thousand Oaks, California.

Teledyne Technologies provides enabling technologies for the deepwater oil and gas exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation and medical imaging markets. The Company's products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, digital imaging sensors and cameras, aircraft information management systems, and defense electronic and satellite communication subsystems. Teledyne also supplies engineered systems for defense, space, environmental and energy applications. Teledyne Technologies was founded in 1960 and is based in Thousand Oaks, California.


DEAL STATS #
Overall 7 of 7
Sector (Aerospace) 4 of 4
Type (Divestiture) 6 of 6
State (Alabama) 2 of 2
Country (United States) 6 of 6
Year (2010) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-14 Continental Motors

Mobile, Alabama, United States

Continental Motors is a manufacturer of FAA-certified piston engines, as well as spare parts and components, used in small propeller-driven general aviation aircraft around the world. Continental Motors is based in Mobile, Alabama, and has been a highly reliable manufacturer of commercial aircraft piston engines for more than 80 years. Continental Motors also maintains service centers in Fairhope, Alabama and Mattituck, New York.

Sell $186M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Teledyne DALSA

Waterloo, Ontario, Canada

Teledyne DALSA, Inc. is a provider in high performance digital imaging and semiconductors. It designs, develops, manufactures and markets digital imaging products and solutions, in addition to providing MEMS products and services.

Buy CA$341M