M&A Deal Summary

Teledyne Technologies Acquires 3M - Gas & Flame Detection Business

On June 5, 2019, Teledyne Technologies acquired test/measurement equipment company 3M - Gas & Flame Detection Business from 3M for 230M USD

Acquisition Highlights
  • This is Teledyne Technologies’ 11th transaction in the Test/Measurement Equipment sector.
  • This is Teledyne Technologies’ 6th largest (disclosed) transaction.
  • This is Teledyne Technologies’ 26th transaction in the United States.
  • This is Teledyne Technologies’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2019-06-05
Target 3M - Gas & Flame Detection Business
Sector Test/Measurement Equipment
Buyer(s) Teledyne Technologies
Sellers(s) 3M
Deal Type Divestiture
Deal Value 230M USD

Target

3M - Gas & Flame Detection Business

St Paul, Minnesota, United States
3M Co. - Gas & Flame Detection Business is a gas and flame detection business provides a portfolio of fixed and portable industrial gas and flame detection instruments used in a variety of industries including petrochemical, power generation, oil & gas, food & beverage, mining and waste water treatment.

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Buyer(S) 1

Buyer

Teledyne Technologies

Thousand Oaks, California, United States

Category Company
Founded 1960
Sector Test/Measurement Equipment
Employees14,900
Revenue 5.6B USD (2023)
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 39 of 48
Sector (Test/Measurement Equipment) 11 of 13
Type (Divestiture) 10 of 11
State (Minnesota) 1 of 1
Country (United States) 26 of 29
Year (2019) 1 of 2
Size (of disclosed) 6 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-13 Scientific Systems

State College, Pennsylvania, United States

Scientific Systems, Inc. is a designer and manufacturer of high pressure positive-displacement piston pumps for a wide variety of analytical, clinical, sample prep and fluid-metering applications. SSI pumps can deliver very precise flow rates as low as 1 μl per minute and achieve pressures up to 25,000 psi. The company’s customers include leading OEM instrumentation suppliers in the fields of HPLC, flash chromatography, clinical diagnostics, protein analysis and purification, and other industries requiring precise fluid flow at high pressures.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Micralyne

Edmonton, Alberta, Canada

Micralyne, Inc.is a manufacturer of microfabricated and MEMS products for communications, energy, life sciences, and transportation markets. Micralyne is based in Edmonton, Alberta.

Buy -

Seller(S) 1

SELLER

3M

St Paul, Minnesota, United States

Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 32.7B USD (2023)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.


DEAL STATS #
Overall 16 of 19
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 15 of 18
State (Minnesota) 8 of 11
Country (United States) 14 of 17
Year (2019) 1 of 4
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Acelity

San Antonio, Texas, United States

Acelity is a wound care and regenerative medicine company created by uniting the strengths of three companies, Kinetic Concepts, Inc., LifeCell Corporation and Systagenix Wound Management, Limited. Acelity was formed in 1976 and is based in San Antonio, Texas.

Buy $6.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-09 3M - Ballistic Protection Business

St. Paul, Minnesota, United States

3M Co. - Ballistic Protection Business is a is a provider of next generation armour solutions, including ballistic helmets and body armour, and is a trusted supplier to US and rest of world military and law enforcement customers.

Sell $116M