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Teledyne To Acquire Two Acquire Two Aerospace And Defense Businesses From Excelitas

By Cal Biesecker

Wednesday, November 6th, 2024

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Teledyne To Acquire Two Acquire Two Aerospace And Defense Businesses From Excelitas

Qioptiq's products include optics for infrared search and track. Photo: Excelitas

Teledyne Technologies [TDY] on Wednesday said it has agreed to acquire two business units from Excelitas Technologies Corp. for $710 million in cash, one based in the United Kingdom that provides optics for defense, space, and avionics applications, and the other offering customized energetics and electronic switches for defense and space uses. The transaction is expected to close in early 2025. The pending deal follows another announced by Teledyne this week, the purchase of microcircuits developer and manufacturer Micropac Industries…

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