Teledyne to Acquire Valeport
March 12 2024 - 4:05PM
Business Wire
Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”)
announced today that it has entered into an agreement to acquire
Valeport Holdings Limited and its affiliates (“Valeport”).
Valeport, founded in 1969 and headquartered in Totnes, United
Kingdom, designs and manufactures underwater sensors for
environmental, energy, construction and defense applications. Terms
of the transactions were not disclosed.
Valeport provides complementary underwater sensors including
sound velocity probes, current and flow meters, and conductivity,
temperature and depth sensors. Valeport also provides
multi-parameter profilers which can also measure turbidity or
cloudiness, or include fluorometer sensors to detect chlorophyll
levels.
“We are delighted that Valeport will join Teledyne Marine and
expand our technology offerings,” said George Bobb, President and
Chief Operating Officer of Teledyne. “Through more than 20
acquisitions and ongoing collaboration, Teledyne Marine brings
imaging, instruments, interconnects, acoustics, and complete subsea
vehicle technology together to provide total solutions to our
customers.”
“Our family is very proud of where we have brought Valeport so
far, but the time is right for the next phase of its journey, and I
am so pleased that this will be as a part of Teledyne Marine and
excited about the prospect of working with the rest of the Teledyne
group to bring our customers an even greater range of excellence,”
said Matt Quartley, Managing Director of Valeport.
About Teledyne
Teledyne is a leading provider of sophisticated digital imaging
products and software, instrumentation, aerospace and defense
electronics, and engineered systems. Teledyne’s operations are
primarily located in the United States, Canada, the United Kingdom,
and Western and Northern Europe. For more information, visit
Teledyne’s website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This press release contains forward-looking statements, as
defined in the Private Securities Litigation Reform Act of 1995,
relating to a pending acquisition of a company subject to customary
closing conditions and approvals. Actual results could differ
materially from these forward-looking statements. Many factors, as
well as market and economic conditions beyond either company’s
control, could change anticipated results. There are additional
risks associated with operating businesses internationally,
including those arising from United States and foreign government
policy and regulatory changes or actions and exchange rate
fluctuations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240312768008/en/
Jason VanWees (805) 373-4542
Teledyne Technologies (NYSE:TDY)
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