THOUSAND OAKS, Calif. – October 16, 2018 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Instruments, Inc., has acquired assets of Falcon Analytical Systems & Technologies, LLC. Based in Lewisburg, West Virginia, Falcon Analytical manufactures compact, rugged gas chromatographs (GC) for industrial process control, industrial laboratory and transportable GC applications. Terms of the transaction were not disclosed.
Falcon Analytical's patented CALIDUS ultrafast gas chromatograph is a durable, user-friendly system with installations in 25 countries. Teledyne intends to relocate and consolidate manufacturing into its existing Teledyne Monitor Labs facility in Englewood, Colorado.
Seabrook Partners LLC acted as financial adviser to Falcon Analytical.
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 Western and Northern Europe. 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 an acquisition. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of Teledyne and Falcon Analytical to achieve anticipated synergies, as well as market and economic conditions beyond either company's control, could change anticipated results.
Investor Contact: Jason VanWees (805) 373-4542