Add-on Acquisition • Electrical Equipment

Teledyne Technologies Acquires Industrial Control Machines SA

On June 5, 2015, Teledyne Technologies acquired electrical equipment company Industrial Control Machines SA

Acquisition Context
  • This is Teledyne Technologies’ 8th transaction in the Electrical Equipment sector.
  • This is Teledyne Technologies’ 1st transaction in Belgium.

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M&A Deal Summary

Date June 5, 2015
Target Industrial Control Machines SA
Sector Electrical Equipment
Buyer(s) Teledyne Technologies
Deal Type Add-on Acquisition

Target Company

Industrial Control Machines SA

Andrimont, Belgium
Industrial Control Machines SA (dba ICM X-ray) is a designer and manufacturer of lightweight X-ray sources for the inspection of materials and structures, ranging from light alloy aviation parts to thick steel pipelines, in the harshest and most extreme environments.
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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 34 of 49
Sector: Electrical Equipment 8 of 9
Type: Add-on Acquisition 25 of 37
Country: Belgium 1 of 1
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Bowtech Products

Aberdeen, United Kingdom

Bowtech Products Ltd. is a supplier of rugged cameras and LED lighting sources deployed in the most extreme environments within the remotely operated vehicle (ROV), defense, oceanographic, nuclear and marine science industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-07 Frontline Test Equipment

Charlottesville, Virginia, United States

Frontline Test Equipment, Inc. is a provider of electronic test & measurement instrumentation and is a market leader in wireless protocol analysis test tools.

Buy -