M&A Deal Summary

Teledyne Technologies Acquires Tekmar

On May 19, 2003, Teledyne Technologies acquired test/measurement equipment company Tekmar from Emerson

Acquisition Highlights
  • This is Teledyne Technologies’ 3rd transaction in the Test/Measurement Equipment sector.
  • This is Teledyne Technologies’ 4th transaction in the United States.
  • This is Teledyne Technologies’ 1st transaction in Ohio.

M&A Deal Summary
Date 2003-05-19
Target Tekmar
Sector Test/Measurement Equipment
Buyer(s) Teledyne Technologies
Sellers(s) Emerson
Deal Type Divestiture

Target

Tekmar

Mason, Ohio, United States
Tekmar-Dohrmann is a premier manufacturer of gas chromatography introduction systems and automated total organic carbon analyzers.

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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 4 of 48
Sector (Test/Measurement Equipment) 3 of 13
Type (Divestiture) 2 of 11
State (Ohio) 1 of 1
Country (United States) 4 of 29
Year (2003) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-30 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.

Buy $24M
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.

Buy $7M

Seller(S) 1

SELLER

Emerson

St. Louis, Missouri, United States
Category Company
Founded 1890
Sector Diversified
Employees67,000
Revenue 15.2B USD (2023)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 7 of 26
Sector (Test/Measurement Equipment) 1 of 4
Type (Divestiture) 6 of 25
State (Ohio) 2 of 4
Country (United States) 6 of 23
Year (2003) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-26 Dura-Line

United States

Dura-Line Corp is a manufacturer and distributor extruded high-density polyethylene (HDPE) duct, pipe, and conduit products for the telecom, power utility, electrical, and cable markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-22 Numatics

Novi, Michigan, United States

Numatics Incorporated is a manufacturer of pneumatics and motion control products.

Buy -
Mergr

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