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Teledyne to Acquire Excelitas' Defense Electronics Businesses

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THOUSAND OAKS, Calif., Nov. 6, 2024 — Teledyne Technologies Inc. has entered into an agreement to acquire select aerospace and defense electronics businesses from Excelitas Technologies Corp. in a deal valued at $710 million in cash. The acquisition includes the optical systems (OS) business, which is based in Northern Wales and known under the Qioptiq brand, as well as the U.S.-based Advanced Electronic Systems (AES) business. Qioptiq business provides advanced optics for heads-up and helmet-mounted displays, dismounted tactical night vision systems, and proprietary glass used in space and satellite applications. In the...Read full article

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    Published: November 2024
    Glossary
    electronics
    That branch of science involved in the study and utilization of the motion, emissions and behaviors of currents of electrical energy flowing through gases, vacuums, semiconductors and conductors, not to be confused with electrics, which deals primarily with the conduction of large currents of electricity through metals.
    Businessacquisitionsmergersmergers & acquisitionsdefenseaerospaceTeledyneExcelitasQioptiqelectronicsmilitary

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