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- Teledyne Acquires Aerospace & Defense Electronics from Excelitas
Teledyne Acquires Aerospace & Defense Electronics from Excelitas
Slice of Manufacturing Team
November 07, 2024
Key Highlights:
Teledyne to acquire aerospace and defense electronics units from Excelitas for $710 million in cash.
Acquisition includes Qioptiq Optical Systems (OS) in the UK and Advanced Electronic Systems (AES) in the U.S.
Transaction expected to complete in early 2025, pending regulatory approvals.
Source: Business Wire
Notable Quotes:
“We look forward to welcoming these businesses and their employees to Teledyne.”
“We believe the businesses’ operations, personnel, and culture are very compatible with our U.S. and UK defense electronics organizations.”
“Our journey providing electro-optical solutions designed to keep troops and high-value assets safe continues with an industry leader.”
Our Take:
Teledyne’s acquisition of Excelitas’ OS and AES businesses underscores its strategic commitment to enhancing its aerospace and defense portfolio. The OS division’s advanced optics will support crucial applications like night vision and space technologies, while AES’s energetics technology bolsters defense capabilities in high-stakes areas such as safety and semiconductor frequency standards. The acquisition not only expands Teledyne’s footprint in the U.S. and UK but also aligns well with its existing defense electronics offerings, positioning the company for synergistic growth in sectors where security and technological precision are paramount.