M&A Deal Summary

Teledyne Technologies Acquires Monitor Labs

On September 30, 2002, Teledyne Technologies acquired test/measurement equipment company Monitor Labs from Spirent Communications for 24M USD

Acquisition Highlights
  • This is Teledyne Technologies’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Teledyne Technologies’ 17th largest (disclosed) transaction.
  • This is Teledyne Technologies’ 3rd transaction in the United States.
  • This is Teledyne Technologies’ 1st transaction in Colorado.

M&A Deal Summary
Date 2002-09-30
Target Monitor Labs
Sector Test/Measurement Equipment
Buyer(s) Teledyne Technologies
Sellers(s) Spirent Communications
Deal Type Divestiture
Deal Value 24M USD

Target

Monitor Labs

Englewood, Colorado, United States
Monitor Lab, Inc. is a supplier of environmental monitoring instrumentation for the detection, measurement, and reporting of air pollutants.

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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 3 of 48
Sector (Test/Measurement Equipment) 2 of 13
Type (Divestiture) 1 of 11
State (Colorado) 1 of 1
Country (United States) 3 of 29
Year (2002) 1 of 1
Size (of disclosed) 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-08 Advanced Pollution Instrumentation

San Diego, California, United States

Advanced Pollution Instrumentation, Inc. is a designer and manufacturer of advanced air quality monitoring instruments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-19 Tekmar

Mason, Ohio, United States

Tekmar-Dohrmann is a premier manufacturer of gas chromatography introduction systems and automated total organic carbon analyzers.

Buy -

Seller(S) 1

SELLER

Spirent Communications

Crawley, United Kingdom
Category Company
Founded 1936
Sector Communications
Revenue 608M GBP (2022)
DESCRIPTION

Spirent Communications operates as a communications test and measurement company in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Spirent Communications was founded in 1936 and is based in Crawley, the United Kingdom.

DEAL STATS #
Overall 5 of 8
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 5 of 8
State (Colorado) 1 of 1
Country (United States) 3 of 5
Year (2002) 5 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-01 Penny & Giles Controls

Christchurch, United Kingdom

Penny & Giles Controls Ltd. engages in linear and rotary position sensors; LVDT and RVDT transducers; joystick controllers; studio faders; digital panel meters; and solenoid actuators for a wide range of industrial motion control applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-30 Spirent - Aviation Information Solutions Businesses

United States

Spirent plc - Aviation Information Solutions Businesses designs and manufactures aerospace data acquisition devices, networking products and flight deck and cabin displays.

Sell $7M
Mergr

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