M&A Deal Summary

Teledyne Technologies Acquires Teledyne Scientific & Imaging

On July 27, 2006, Teledyne Technologies acquired electronics company Teledyne Scientific & Imaging from Rockwell Automation for 168M USD

Acquisition Highlights
  • This is Teledyne Technologies’ 2nd transaction in the Electronics sector.
  • This is Teledyne Technologies’ 8th largest (disclosed) transaction.
  • This is Teledyne Technologies’ 16th transaction in the United States.
  • This is Teledyne Technologies’ 8th transaction in California.

M&A Deal Summary
Date 2006-07-27
Target Teledyne Scientific & Imaging
Sector Electronics
Buyer(s) Teledyne Technologies
Sellers(s) Rockwell Automation
Deal Type Divestiture
Deal Value 168M USD

Target

Teledyne Scientific & Imaging

Thousand Oaks, California, United States
Teledyne Scientific & Imaging is composed of two business units: Teledyne Scientific Company and Teledyne Imaging Sensors. Teledyne Scientific Company (TSC) is focused on edge R&D and niche products. The Electronics Division develops high speed electronics, MEMS sensors and actuators, and compound semiconductors. Teledyne Imaging Sensors (TIS) is primarily engaged in the design, development and production of high performance infrared and visible sensor subsystems used in space missions, long range terrestrial surveillance and targeting and astronomy 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 17 of 48
Sector (Electronics) 2 of 10
Type (Divestiture) 7 of 11
State (California) 8 of 12
Country (United States) 16 of 29
Year (2006) 2 of 2
Size (of disclosed) 8 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 KW Microwave

Poway, California, United States

KW Microwave designs and manufactures high performance microwave filters and integrated filter assemblies that are used in military electronic warfare, communication and navigation systems. KW has also recently developed and begun producing a line of filters for systems that are designed to counteract improvised explosive devices, which are of high concern to U.S. and allied military forces.

Buy -
FOLLOWING 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.

Buy -

Seller(S) 1

SELLER

Rockwell Automation

Milwaukee, Wisconsin, United States
Category Company
Founded 1903
Sector Machinery
Employees29,000
Revenue 9.1B USD (2023)
DESCRIPTION
Rockwell Automation's corporate headquarters in downtown Milwaukee, Wisconsin.
Rockwell Automation's corporate headquarters in downtown Milwaukee, Wisconsin.

Rockwell Automation is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. Rockwell Automation was formed in 1903 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 5 of 6
Sector (Electronics) 2 of 2
Type (Divestiture) 4 of 5
State (California) 1 of 1
Country (United States) 5 of 6
Year (2006) 2 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 ElectroCraft

Stratham, New Hampshire, United States

ElectroCraft is a manufacturer of sub-fractional horsepower premium AC, DC servo, and brushless DC motors, gear motors, and transaxles for Original Equipment Manufacturers in a variety of commercial industries, including Medical Mobility, General Mobility, Floor Care, and Air/Fluid Movement, and office automation. ElectroCraft was founded in 1960 and is based in Stratham, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-07 Rockwell Automation Power Systems

United States

Rockwell Automation Power Systems is a provider of Dodge power transmission products, including mounted bearings and enclosed gearing, and Reliance Electric industrial motors, including large AC and custom, variable speed and specialty, and small and medium AC motors. Power Systems has approximately 4,300 employees worldwide and 14 manufacturing facilities.

Sell $1.8B
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