Teledyne to acquire CETAC Technologies
THOUSAND OAKS, Calif. -- August 19, 2013
Teledyne Technologies Incorporated (NYSE:TDY) announced today that its
subsidiary, Teledyne Instruments, Inc., has entered into an agreement to
acquire assets of SD Acquisition, Inc. (d/b/a CETAC Technologies).
Headquartered in Omaha, Neb., CETAC Technologies is a leading designer and
manufacturer of automated sample handling and sample introduction equipment
for laboratory instrumentation. Terms of the transaction were not disclosed.
The closing of the transaction, which is subject to various conditions, is
anticipated to occur on August 30, 2013.
CETAC manufactures rugged automated sample introduction equipment for a range
of elemental and chemical analysis systems including inductively coupled
plasma mass spectrometry (ICP-MS) and high-performance liquid chromatography
(HPLC). In addition, CETAC provides unique sample preparation devices,
including nebulizers and laser ablation systems, for trace elemental analysis,
as well as complete mercury analysis systems.
“CETAC’s laboratory automation and instruments for elemental spectroscopy fit
well with Teledyne’s existing environmental instrumentation product lines
covering organic compound sample preparation and other laboratory
applications,” said Robert Mehrabian, chairman, president and chief executive
officer of Teledyne. “Furthermore, the acquisition enhances Teledyne’s strong
existing position in specialty mercury analyzers.”
About Teledyne Technologies
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 potential
acquisition of a company. Actual results could differ materially from these
forward-looking statements. Many factors, including the ability of Teledyne
and CETAC to achieve anticipated synergies, as well as market and economic
conditions beyond either company’s control, could change anticipated results.
Teledyne Technologies Incorporated
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