M&A Deal Summary

Teledyne Technologies Acquires Excelitas - Select Aerospace and Defense Electronics Businesses

On November 6, 2024, Teledyne Technologies acquired technology hardware company Excelitas - Select Aerospace and Defense Electronics Businesses from Excelitas Technologies for 710M USD

Acquisition Highlights
  • This is Teledyne Technologies’ 3rd transaction in the Technology Hardware sector.
  • This is Teledyne Technologies’ 3rd largest (disclosed) transaction.
  • This is Teledyne Technologies’ 29th transaction in the United States.

M&A Deal Summary

Date 2024-11-06
Target Excelitas - Select Aerospace and Defense Electronics Businesses
Sector Technology Hardware
Buyer(s) Teledyne Technologies
Sellers(s) Excelitas Technologies
Deal Type Divestiture
Deal Value 710M USD

Target

Excelitas - Select Aerospace and Defense Electronics Businesses

United States
Excelitas' Select Aerospace and Defense Electronics Businesses that provides advanced optics for heads-up and helmet-mounted displays, dismounted tactical night vision systems, and proprietary glass used in space and satellite applications.

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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 48 of 48
Sector (Technology Hardware) 3 of 3
Type (Divestiture) 11 of 11
Country (United States) 29 of 29
Year (2024) 3 of 3
Size (of disclosed) 3 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 Valeport

Totnes, United Kingdom

Valeport provides complementary underwater sensors including sound velocity probes, current and flow meters, and conductivity, temperature and depth sensors. Valeport also provides multi-parameter profilers which can also measure turbidity or cloudiness, or include fluorometer sensors to detect chlorophyll levels. Valeport was founded in 1969 and is based in Totnes, England.

Buy -

Seller(S) 1

SELLER

Excelitas Technologies

Waltham, Massachusetts, United States

Category Company
Founded 1931
Sector Technology Hardware
Employees3,000
DESCRIPTION

Excelitas Technologies is a global provider of photonics technology solutions. The Company’s components, modules and sub-systems enable its customers to develop unique, technology-driven products that serve a broad range of growing end markets. Excelitas’ core capabilities include expertise in detection, optics, illumination and advanced electronics. The Company primarily targets high-growth applications within the life sciences, industrial, semiconductor, consumer and defense and aerospace markets. Excelitas Technologies was founded in 1931 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-15 Heraeus Noblelight

Hanau, Germany

Heraeus Noblelight is a manufacturer and seller of an infrared and ultraviolet (UV) emitters for research, manufacturing, environmental, medical and cosmetics, and analytical laboratory applications.

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