Teledyne Technologies News

Teledyne Technologies Incorporated announced today that it has acquired ChartWorld International Limited and affiliates. ChartWorld, headquartered in Cyprus, with additional locations in Hamburg, Singapore, Vancouver and Tokyo, is a provider of digital marine navigation hardware and software provided through a subscription-based model. Terms of the transactions were not disclosed.Commercial maritime subscribers to ChartWorld’s software as a service (SaaS) receive free type-approved Electronic Chart Display and Information Systems (ECDIS), a lifetime warranty and global 24/7 support.

Industrial conglomerate Teledyne Technologies Incorporated (NYSE:TDY) said it has completed its acquisition of thermal imaging cameras and sensors company FLIR Systems, Inc. (NASDAQ:FLIR). FLIR will now be included in Teledyne’s Digital Imaging segment and operate under the name Teledyne FLIR.Under the terms of the cash-and-stock deal announced in January, FLIR stockholders received $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of approximately $57.40 per FLIR share based on Teledyne’s closing price on May 13.

Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cash-and-stock deal to beef up its portfolio of imaging sensor technology.FLIR shareholders will receive $28 in cash and 0.0718 shares of Teledyne common stock for each share held, the companies said.That implies a purchase price of $56.14 based on Teledyne’s last close, and represents a premium of 28.1% for FLIR shareholders to the stock’s Thursday close.Teledyne and FLIR sell cameras and sensor systems.“Our technologies and products are uniquely co

Teledyne Bowtech, which specializes in the design and manufacturing of underwater vision systems, announced the supply of modified LED-V-Series deep water lamps for installation on board Triton submarines for the Five Deeps Expedition, a collaboration between investor and explorer Victor Vescovo of Caladan Oceanic, Triton Submarines and EYOS Expeditions.Teledyne Marine, which is is a collaboration of undersea technology product brands assembled by Teledyne Technologies, said in a press release that after three years of intensive efforts from some of the world’s leading oceanographers, submarine engineers, and scientists, the Five Deeps…

Teledyne Oil & Gas, a business unit of Teledyne Technologies Incorporated, announced today that it held a Grand Opening celebration of its new 52,000-square-foot Technology Development Center in Daytona Beach. The Technology Development Center is a high-tech research and new product development center to bring forward engineered solutions to complex technical challenges, primarily for the offshore oil and gas production and exploration industries. The Honorable Rick Scott, Governor of Florida, provided opening remarks for the building, along with Dr. Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne Technologies Incorporated, and other industry executives. This new center is expected to add over 100 new jobs to the local community.

Teledyne Marine has steadily built an armada of technologies and brands serving nearly every facet of the subsea sector through systematic acquisition, investment and organic growth. Recently MTR solicited the insights of a quartet of executives representing the various brands to discuss the evolution and future direction of the Teledyne Marine brand. Executives offering insights included Bill Kikendall, President of the newly formed Marine Sensors and Systems Group at Teledyne Technologies, Inc., Thomas W.

Klϋber Lubrication, a worldwide manufacturer of specialty lubricants, announced that Ron Person has joined its North American operations as director of business development for oil and gas. In his new role, Person will be responsible for further developing application-specific support and customer service initiatives designed to better position Klüber Lubrication as a specialty lubricant producer in the oil and gas market. Person will work closely with key equipment manufacturers in the industry to match existing Klüber products to applications…

Teledyne Technologies Incorporated announced today that it has completed the acquisition of RESON. RESON, headquartered in Slangerup, Denmark, provides high-resolution marine acoustic imaging and measurement solutions. The acquired company will operate under the name Teledyne RESON. Terms of the transaction were not disclosed. With more than 30 years of experience and approximately 1,400 RESON echosounders sold worldwide, RESON is a provider of multibeam sonar systems and specialty acoustic sensors for hydrography, global marine infrastructure and offshore energy operations.

THOUSAND OAKS, Calif. – May 10, 2011 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., was awarded a $9 million contract from Northrop Grumman Corporation (NYSE:NOC) to manufacture four Littoral Combat Ship (LCS) Gun Mission Modules (GMM). Teledyne Brown will manufacture each of the modules and assemble and test them at the company’s Huntsville manufacturing facility. Each module will be equipped with a 30MM gun weapon system and two modules will be mounted on each LCS.