M&A Deal Summary

Teledyne Technologies Acquires The Oceanscience Group

On October 23, 2014, Teledyne Technologies acquired marine company The Oceanscience Group

Acquisition Highlights
  • This is Teledyne Technologies’ 1st transaction in the Marine sector.
  • This is Teledyne Technologies’ 23rd transaction in the United States.
  • This is Teledyne Technologies’ 11th transaction in California.

M&A Deal Summary
Date 2014-10-23
Target The Oceanscience Group
Sector Marine
Buyer(s) Teledyne Technologies
Deal Type Add-on Acquisition

Target

The Oceanscience Group

Carlsbad, California, United States
The Oceanscience Group Ltd. designs and manufactures marine sensor platforms and unmanned surface vehicles. Oceanscience a development of oceanographic and hydrographic deployment equipment designed to save survey time and improve data quality. Major products include remotely-controlled and tethered instrumentation deployment vehicles used for current measurement, seafloor mapping and analysis of physical parameters such as salinity.

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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 32 of 48
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 23 of 37
State (California) 11 of 12
Country (United States) 23 of 29
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Bolt Technology

Norwalk, Connecticut, United States

Bolt Technology Corp. is a developer and manufacturer of marine seismic data acquisition equipment used for offshore oil and natural gas exploration. Bolt, through its SeaBotix Inc. subsidiary, is also a developer and manufacturer of remotely operated robotic vehicles systems used for a variety of underwater tasks.

Buy $171M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Bowtech Products

Aberdeen, United Kingdom

Bowtech Products Ltd. is a supplier of rugged cameras and LED lighting sources deployed in the most extreme environments within the remotely operated vehicle (ROV), defense, oceanographic, nuclear and marine science industries.

Buy -
Mergr

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