Teledyne Completes Acquisition of Impulse Enterprise
THOUSAND OAKS, Calif. – January 2, 2008 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Instruments, Inc., has completed the acquisition of assets of Impulse Enterprise (“Impulse”). Impulse, headquartered in San Diego, Calif., is a leading manufacturer of underwater electrical interconnection systems. Terms of the transaction were not disclosed.
Impulse manufactures waterproof neoprene and glass reinforced epoxy connector products for harsh environments, complementing Teledyne D.G. O’Brien’s glass-to-metal sealed subsea cable and connector systems, as well as Ocean Design, Inc.’s lines of wet-mateable interconnect systems. Impulse had sales of $16.8 million for its fiscal year ended December 31, 2006. Teledyne will operate this business under the name Teledyne Impulse.
About Teledyne Technologies Incorporated
Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies’ website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to a potential acquisition. Actual results could differ materially from these forward-looking statements. Many factors, including the Company’s ability to integrate the acquired product lines, retain customers and achieve anticipated synergies, could change anticipated results.
Investor Contact: Jason VanWees (805) 373-4542
Press Contact: Robyn McGowan (805) 373-4540