THOUSAND OAKS, Calif. – April 13, 2016 – Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) announced today that Teledyne LeCroy, Inc. has entered into an agreement to acquire the assets of Quantum Data, Inc. (“Quantum Data”). Quantum Data, headquartered in Elgin, Illinois, provides electronic test & measurement instrumentation and is a market leader in video protocol analysis test tools. Terms of the transaction were not disclosed. The closing of the transaction, which is subject to customary conditions, is anticipated to occur in April 2016.
Protocol analyzers are used by engineers to troubleshoot data communication systems and test device interoperability, compliance and interference. Quantum Data provides signal generators and protocol analyzers, as well as other test tools, for a range of digital video technologies, including High-Definition Multimedia Interface (HDMI®), Serial Digital Interface (SDI) and DisplayPort. Quantum Data serves a broad range of global customers in the semiconductor, broadcast, electronics and aerospace and defense industries.
“Quantum Data will build upon the recent acquisition of Frontline Test Equipment, a leader in wireless protocol test, bolstering recognition of Teledyne LeCroy as the leader in a full suite of protocol test solutions,” said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. “Specifically, Teledyne LeCroy is already a market leader in protocol test tools for well-known serial data standards like USB, PCI Express and SATA, and through Quantum Data and Frontline, we will also provide products serving HDMI, SDI, Bluetooth and Wi-Fi.”
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 a potential acquisition of a company. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of Teledyne and Quantum Data to achieve anticipated synergies, as well as market and economic conditions beyond either company’s control, could change anticipated results.