Teledyne Acquires Remaining Shares of Nova Sensors
THOUSAND OAKS, Calif. -- July 8, 2013
Teledyne Technologies Incorporated (NYSE:TDY) announced today that its
subsidiary, Teledyne Scientific & Imaging, LLC, has acquired the remaining 49%
interest in Nova Research, Inc. (“Nova Sensors”) that it did not already own.
Terms of the transaction were not disclosed.
On March 17, 2011, Teledyne acquired a majority stake in Nova Sensors. Nova
Sensors, located in Buellton, Calif., designs highly-integrated camera
electronics, develops image processing algorithms, and manufactures compact
mid-wave and short-wave infrared camera systems.
Teledyne Technologies is a leading provider of sophisticated instrumentation,
digital imaging products and software, aerospace and defense electronics, and
engineered systems. Teledyne Technologies’ operations are primarily located in
the United States, Canada, the United Kingdom and Mexico. For more
information, visit Teledyne Technologies’ 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 recent
acquisition of a company. Actual results could differ materially from these
forward-looking statements. Many factors, including the ability of Teledyne
and Nova Sensors to achieve anticipated synergies, as well as market and
economic conditions beyond either company’s control, could change anticipated
Teledyne Technologies Incorporated
Jason VanWees, 805-373-4542
Robyn McGowan, 805-373-4540
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