THOUSAND OAKS, Calif., June 6, 2012 — Teledyne RD Instruments Inc., a subsidiary of Teledyne Technologies Inc., entered an agreement to acquire BlueView Technologies Inc. of Seattle. Terms of the transaction were not disclosed.
The closing of the transaction, which is subject to various conditions including the approval of BlueView’s shareholders, is expected to be completed around July 2.
BlueView provides compact high-resolution acoustic imaging and measurement solutions for underwater vision, monitoring, survey, detection and navigation.
“BlueView will add novel technology and unique products to our Teledyne Marine group, which consists of 11 businesses that provide acoustic sensors and communication devices, harsh environment interconnects and complete autonomous underwater vehicles,” said Robert Mehrabian, chairman, president and CEO of Teledyne.
Teledyne Technologies provides instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems.
For more information, visit: www.teledyne.com