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Business/Financial

Teledyne Acquires Electronics Company Micropac Industries

By Cal Biesecker

Monday, November 4th, 2024

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Teledyne Acquires Electronics Company Micropac Industries

Micropac's microelectronic suite includes an array of solid state products. Photo: Micropac Industries

Teledyne Technologies [TDY] on Monday said it has acquired Micropac Industries [MPAD] in a $57.3 million deal that adds electronic components used in space, military, industrial, and medical applications. The transaction is expected to close this year. Micropac, which is based in Texas, develops and manufactures microelectronics, optoelectronics, and sensors and displays. “Micropac’s products are complementary to our own, and we serve common customers in defense, space and healthcare markets,” Robert Mehrabian, Teledyne’s executive chairman, said in a statement. Micropac…

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