M&A Deal Summary

Teledyne Technologies Acquires Filtronic s Defence Electronics business

On August 15, 2008, Teledyne Technologies acquired electronics company Filtronic s Defence Electronics business from Filtronic for 13M GBP

Acquisition Highlights
  • This is Teledyne Technologies’ 4th transaction in the Electronics sector.
  • This is Teledyne Technologies’ 17th largest (disclosed) transaction.
  • This is Teledyne Technologies’ 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2008-08-15
Target Filtronic s Defence Electronics business
Sector Electronics
Buyer(s) Teledyne Technologies
Sellers(s) Filtronic
Deal Type Divestiture
Deal Value 13M GBP

Target

Filtronic s Defence Electronics business

Yeadon, United Kingdom
Filtronic’s Defense Electronics business designs and manufactures a range of microwave products for radar, electronic support measures and electronic counter measures systems used to protect modern military platforms from hostile threats.

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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 21 of 47
Sector (Electronics) 4 of 10
Type (Divestiture) 8 of 10
Country (United Kingdom) 3 of 8
Year (2008) 3 of 4
Size (of disclosed) 17 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-31 TSS

Watford, United Kingdom

TSS (International) Ltd. designs and manufactures inertial sensing, gyrocompass navigation and subsea pipe and cable detection systems for offshore energy, oceanographic and military marine markets. TSS International’s inertial sensing and navigation systems, which contain mechanical gyros and solid state sensors, provide detailed positioning parameters for marine applications.

Buy £29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-24 Demo Systems

Moorpark, California, United States

Demo Systems LLC designs and manufactures aircraft data loading equipment, flight line maintenance terminals, and data distribution software used by commercial airlines, the U.S. military and aircraft manufacturers.

Buy -

Seller(S) 1

SELLER

Filtronic

Sedgefield, United Kingdom

Category Company
Founded 1977
Sector Communications
Employees125
Revenue 16M GBP (2023)
DESCRIPTION

Filtronic is a provider in the design and manufacture of a broad range of customized RF, microwave, and millimetre wave components and subsystems. Filtronic was founded in 1977 and is based in Sedgefield, England.


DEAL STATS #
Overall 3 of 3
Sector (Electronics) 1 of 1
Type (Divestiture) 3 of 3
Country (United Kingdom) 3 of 3
Year (2008) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-20 Filtronic Compound Semiconductors

Theale,, United Kingdom

Filtronic Compound Semiconductors Ltd, manufactures products for wireless infrastructure backhaul, mobile wireless communication terminal semiconductor products, and merchant compound semiconductors.

Sell £13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 Isotek

United Kingdom

Isotek (Holdings) Ltd. is a developer and marketer of telecommunications products for wireless infrastructure applications.

Buy -