M&A Deal Summary

Teledyne Technologies Acquires Leeman Labs

On February 5, 2004, Teledyne Technologies acquired test/measurement equipment company Leeman Labs for 8M USD

Acquisition Highlights
  • This is Teledyne Technologies’ 4th transaction in the Test/Measurement Equipment sector.
  • This is Teledyne Technologies’ 20th largest (disclosed) transaction.
  • This is Teledyne Technologies’ 6th transaction in the United States.
  • This is Teledyne Technologies’ 1st transaction in New Hampshire.

M&A Deal Summary

Date 2004-02-05
Target Leeman Labs
Sector Test/Measurement Equipment
Buyer(s) Teledyne Technologies
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

Leeman Labs

Hudson, New Hampshire, United States
Leeman Labs, Inc. produces inductively coupled plasma laboratory spectrometers that are used by environmental and quality control laboratories to detect low levels of inorganic contaminants in water and other environmental samples.

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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 7 of 48
Sector (Test/Measurement Equipment) 4 of 13
Type (Add-on Acquisition) 3 of 37
State (New Hampshire) 1 of 1
Country (United States) 6 of 29
Year (2004) 1 of 4
Size (of disclosed) 20 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-17 Filtronic - Solid State Business

Yeadon, United Kingdom

Filtronic - Solid State Business designs and manufactures customized microwave subassemblies for electronic warfare, radar and other military applications.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-08 Isco

Lincoln, Nebraska, United States

Isco, Inc. is a producer of water quality monitoring products such as wastewater samplers and open channel flow meters. The company's liquid chromatography customers include pharmaceutical laboratories involved in drug discovery and development. Isco also manufactures chemical separation instruments for industrial and research use.

Buy $80M