Teledyne to acquire the select aerospace and defense electronics businesses from Excelitas for $710m.

Teledyne, a provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems, agreed to acquire the select aerospace and defense electronics businesses from Excelitas, a provider of customized optoelectronics and advanced electronic systems to a global customer base of OEMs, for $710m. “We are excited to announce this pending acquisition, which will bring us new technology in markets well-understood by Teledyne. Our respective products are highly complementary and not competitive, and we generally serve customers in complementary geographies. We look forward to welcoming these businesses and their employees to Teledyne,” Robert Mehrabian, Teledyne Executive Chairman.