Add-on Acquisition • Energy Services and Equipment

Teledyne Technologies Acquires Bolt Technology

On September 3, 2014, Teledyne Technologies acquired energy services and equipment company Bolt Technology for 171M USD

Acquisition Context
  • This is Teledyne Technologies’ 1st transaction in the Energy Services and Equipment sector.
  • This is Teledyne Technologies’ 7th largest (disclosed) transaction.
  • This is Teledyne Technologies’ 22nd transaction in the United States.
  • This is Teledyne Technologies’ 1st transaction in Connecticut.

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M&A Deal Summary

Date September 3, 2014
Target Bolt Technology
Sector Energy Services and Equipment
Buyer(s) Teledyne Technologies
Deal Type Add-on Acquisition
Deal Value 171M USD
Advisor(s) Johnson Rice & Co. (Financial)

Target Company

Bolt Technology

Norwalk, Connecticut, United States
Bolt Technology Corp. is a developer and manufacturer of marine seismic data acquisition equipment used for offshore oil and natural gas exploration. Bolt, through its SeaBotix Inc. subsidiary, is also a developer and manufacturer of remotely operated robotic vehicles systems used for a variety of underwater tasks.
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Buyer Overview 1

Buyer

Teledyne Technologies

Thousand Oaks, California, United States

Category Company
Founded 1960
Sector Test/Measurement Equipment
Employees14,900
Revenue 5.7B USD (2024)
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 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 Context for Buyer #
Overall 31 of 49
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 22 of 37
State: Connecticut 1 of 1
Country: United States 22 of 29
Year: 2014 2 of 3
Size (of disclosed) 7 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 ATLAS HYDROGRAPHIC

Bremen, Germany

ATLAS HYDROGRAPHIC GmbH designs, manufactures, and integrates marine sonar systems for mid and deep water applications. ATLAS HYDROGRAPHIC GmbH specializes in high-performance, customized, complete hydrographic survey systems for civil applications. ATLAS HYDROGRAPHIC GmbH’s products include advanced multi-beam echo sounders and sub-bottom profilers suitable for marine imaging to extreme depths of the greatest ocean trenches, as well as beneath the ocean floor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-23 The Oceanscience Group

Carlsbad, California, United States

The Oceanscience Group Ltd. designs and manufactures marine sensor platforms and unmanned surface vehicles. Oceanscience a development of oceanographic and hydrographic deployment equipment designed to save survey time and improve data quality. Major products include remotely-controlled and tethered instrumentation deployment vehicles used for current measurement, seafloor mapping and analysis of physical parameters such as salinity.

Buy -