Teledyne Acquires Assets of ATLAS HYDROGRAPHIC GmbH

  Teledyne Acquires Assets of ATLAS HYDROGRAPHIC GmbH

Business Wire

THOUSAND OAKS, Calif. -- August 18, 2014

Teledyne Technologies Incorporated (NYSE:TDY) announced today that its
subsidiary, Teledyne RESON GmbH, has acquired assets of ATLAS HYDROGRAPHIC
GmbH. Based in Bremen, Germany, ATLAS HYDROGRAPHIC GmbH designs, manufactures,
and integrates marine sonar systems for mid and deep water applications. Terms
of the transaction were not disclosed.

ATLAS HYDROGRAPHIC GmbH specializes in high-performance, customized, complete
hydrographic survey systems for civil applications. ATLAS HYDROGRAPHIC GmbH’s
products include advanced multi-beam echo sounders and sub-bottom profilers
suitable for marine imaging to extreme depths of the greatest ocean trenches,
as well as beneath the ocean floor.

“This acquisition further strengthens our marine acoustic imaging business,
and significantly enhances our deep water sonar capabilities,” said Robert
Mehrabian, Chairman, President and Chief Executive Officer of Teledyne.
“Specifically, ATLAS HYDROGRAPHIC GmbH brings unique technology, including
high-power, multi-ping acoustic transmitters and leading deep water sub-bottom
profilers for ocean survey and marine science applications.”

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 Western and Northern
Europe. For more information, visit Teledyne Technologies’ website at

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. Actual results could differ materially from these forward-looking
statements. Many factors, including the ability of Teledyne to achieve
anticipated synergies, as well as market and economic conditions, 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


Teledyne Technologies Incorporated
Jason VanWees, 805-373-4542
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