M&A Deal Summary

Teledyne Technologies Acquires Varisystems

On February 27, 2012, Teledyne Technologies acquired electrical equipment company Varisystems

Acquisition Highlights
  • This is Teledyne Technologies’ 7th transaction in the Electrical Equipment sector.
  • This is Teledyne Technologies’ 2nd transaction in Canada.
  • This is Teledyne Technologies’ 1st transaction in Alberta.

M&A Deal Summary
Date 2012-02-27
Target Varisystems
Sector Electrical Equipment
Buyer(s) Teledyne Technologies
Deal Type Add-on Acquisition

Target

Varisystems

Calgary, Alberta, Canada
Varisystems, Inc. is a supplier of custom harsh environment interconnects and cable assemblies to customers primarily engaged in the land-based energy, mining and other natural resources industries.

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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 26 of 47
Sector (Electrical Equipment) 7 of 9
Type (Add-on Acquisition) 17 of 37
State (Alberta) 1 of 2
Country (Canada) 2 of 4
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Teledyne DALSA

Waterloo, Ontario, Canada

Teledyne DALSA, Inc. is a provider in high performance digital imaging and semiconductors. It designs, develops, manufactures and markets digital imaging products and solutions, in addition to providing MEMS products and services.

Buy CA$341M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-29 Teledyne LeCroy

Chestnut Ridge, New York, United States

Teledyne LeCroy Corp. is a provider in serial data test solutions, creating advanced instruments that drive product innovation by quickly measuring, analyzing and verifying complex electronic signals. The Company offers high-performance oscilloscopes, serial data analyzers and global communications protocol test solutions used by design engineers in the computer, semiconductor and consumer electronics, data storage, automotive and industrial, telecommunications and military and aerospace markets.

Buy $291M
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