M&A Deal Summary

Teledyne Technologies Acquires Reynolds Industries

On May 18, 2004, Teledyne Technologies acquired electrical equipment company Reynolds Industries for 42M USD

Acquisition Highlights
  • This is Teledyne Technologies’ 2nd transaction in the Electrical Equipment sector.
  • This is Teledyne Technologies’ 12th largest (disclosed) transaction.
  • This is Teledyne Technologies’ 8th transaction in the United States.
  • This is Teledyne Technologies’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2004-05-18
Target Reynolds Industries
Sector Electrical Equipment
Buyer(s) Teledyne Technologies
Deal Type Add-on Acquisition
Deal Value 42M USD

Target

Reynolds Industries

Fort Mill, South Carolina, United States
Reynolds Industries, Inc. is a supplier of specialized high voltage connectors and subassemblies for defense, aerospace and industrial applications, as well as unique pilot helmet mounted display components and subsystems. Reynolds Industries is based in Fort Mill, South Carolina.

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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 9 of 48
Sector (Electrical Equipment) 2 of 9
Type (Add-on Acquisition) 5 of 37
State (South Carolina) 1 of 1
Country (United States) 8 of 29
Year (2004) 3 of 4
Size (of disclosed) 12 of 21
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-08 Celeritek - Defense Electronics Business

Santa Clara, California, United States

Celeritek's defense electronics business designs and manufactures gallium arsenide-based RF and microwave components and subassemblies for electronic warfare, radar and other military applications.

Buy $33M