M&A Deal Summary

Teledyne Technologies Acquires Storm Products

On January 2, 2008, Teledyne Technologies acquired electrical equipment company Storm Products

Acquisition Highlights
  • This is Teledyne Technologies’ 6th transaction in the Electrical Equipment sector.
  • This is Teledyne Technologies’ 18th transaction in the United States.
  • This is Teledyne Technologies’ 1st transaction in Illinois.

M&A Deal Summary
Date 2008-01-02
Target Storm Products
Sector Electrical Equipment
Buyer(s) Teledyne Technologies
Deal Type Add-on Acquisition

Target

Storm Products

Woodridge, Illinois, United States
Storm Products Co. is a manufacturer of specialty wire, cable and interconnect products, as well as flexible and semi-rigid microwave cable assemblies. Storm currently operates two business units: Storm-Cable Solutions Group and Storm-Microwave. Storm’s Cable Solutions Group supplies custom, high-reliability bulk wire and cable assemblies to a number of markets including energy exploration, environmental monitoring and industrial equipment. Storm-Microwave provides coax microwave cable and interconnects primarily to defense customers for radar, electronic warfare and communications applications.

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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 19 of 48
Sector (Electrical Equipment) 6 of 9
Type (Add-on Acquisition) 12 of 37
State (Illinois) 1 of 1
Country (United States) 18 of 29
Year (2008) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-21 Tindall Technologies

Pleasanton, California, United States

Tindall Technologies, Inc. is a designer and supplier of microwave subsystems for defense applications. Tindall designs and manufactures high performance Instantaneous Frequency Measurement (IFM) based systems and subsystems, including integrated frequency locked sources and set-on receiver-jammers used for U.S. Navy and Air Force training.

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FOLLOWING 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
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