Teledyne Technologies completed the acquisition of TransponderTech business from Saab.

Teledyne Technologies, a company operating in industrial and aerospace technology, completed the acquisition of TransponderTech business from Saab, an aerospace and defense company. Financial terms were not disclosed. “We are delighted to welcome the TransponderTech team to the Teledyne family. From complete autonomous underwater vehicles to products and services for large Safety of Life at Sea (SOLAS) class vessels, maritime instrumentation and software for imaging, navigation, and safety are core markets for Teledyne. FLIR TransponderTech’s communications and navigation solutions are highly complementary and further expand FLIR Marine’s portfolio of industrial, military, and airborne technologies,” George Bobb, Teledyne Technologies President and Chief Executive Officer.