Teledyne Completes Acquisition of CETAC Technologies
THOUSAND OAKS, Calif. – August 30, 2013 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Instruments, Inc., has completed the acquisition of 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.
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.
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 recent 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.
Investor Contact: Jason VanWees (805) 373-4542
Press Contact: Robyn McGowan (805) 373-4540