M&A Deal Summary

Teledyne Technologies Acquires Avnet - Microwave Technical Solutions Assets

On October 31, 2005, Teledyne Technologies acquired electrical equipment company Avnet - Microwave Technical Solutions Assets from Avnet

Acquisition Highlights
  • This is Teledyne Technologies’ 4th transaction in the Electrical Equipment sector.
  • This is Teledyne Technologies’ 13th transaction in the United States.
  • This is Teledyne Technologies’ 6th transaction in California.

M&A Deal Summary

Date 2005-10-31
Target Avnet - Microwave Technical Solutions Assets
Sector Electrical Equipment
Buyer(s) Teledyne Technologies
Sellers(s) Avnet
Deal Type Divestiture

Target

Avnet - Microwave Technical Solutions Assets

San Jose, California, United States
Avnet - Microwave Technical Solutions Assets is a line of standard RF and microwave components, as well as high reliability screening and value-added testing services, for military and industrial customers.

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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 14 of 48
Sector (Electrical Equipment) 4 of 9
Type (Divestiture) 6 of 11
State (California) 6 of 12
Country (United States) 13 of 29
Year (2005) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-28 MGD Technologies

San Diego, California, United States

MGD Technologies, Inc. is a development, manufacture, sales, repair, and sustaining engineering of a unique velocity profiling flow measurement system. MGD's patented ADFM™ Velocity Profiling flow meters operate on an innovative pulse-Doppler principle that is truly revolutionary to the customer industries served throughout the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-02 Benthos

North Falmouth, Massachusetts, United States

Benthos, Inc. designs and manufactures rugged, reliable oceanographic infrastructure and subsea solutions for marine environments. Benthos products include: acoustic releases, acoustic telemetry modems, acoustic positioning systems, hydrophones, glass flotation spheres and instrument housings, locating devices, and remotely operated vehicles.

Buy $31M

Seller(S) 1

SELLER

Avnet

Phoenix, Arizona, United States

Category Company
Founded 1921
Sector Distribution
Employees15,800
Revenue 26.5B USD (2023)
DESCRIPTION
Avnet's corporate headquarters in Phoenix, Arizona.
Avnet's corporate headquarters in Phoenix, Arizona.

Avnet is a distributor of electronic components, computer products, and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was founded in 1921 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 1 of 7
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 1 of 7
State (California) 1 of 1
Country (United States) 1 of 5
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-26 Memec Group Holdings

Stevenage, United Kingdom

Memec is a global semiconductor distributor specializing in demand creation and servicing the electronics industry. The company provides original equipment manufacturers with engineering expertise and a portfolio of semiconductor devices, and helps design customized, differentiated products. Memec is based in Stevenage, England.

Buy $676M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-10 ESCO Italiana

Monza, Italy

ESCO Italiana SpA is a semiconductor and embedded systems specialist distributor, operating from 5 offices across Italy and 1 sales office each in Greece and Turkey. ESCO Italiana is active in the Demand Creation and design-in activities of high-end and complex semiconductors and subsystems.

Buy -