Teledyne Technologies completed the acquisition of 3M's gas and flame detection business for $230m.

Teledyne Technologies, technologies for industrial growth markets, completed the acquisition of the gas and flame detection business of 3M, electronics, telecommunications, industrial, consumer and office devices producer, for $230m in cash. The gas and flame detection business includes Oldham, Simtronics, Gas Measurement Instruments, Detcon and selects Scott Safety products. “The gas and flame detection business utilizes similar technology and serves related markets as our portfolio of environmental instrumentation businesses. However, our respective products do not compete and we generally serve customers in complementary geographies. This business will become a long-term core business of Teledyne, and we look forward to welcoming it and its employees to Teledyne,” Robert Mehrabian, Teledyne Executive Chairman.