Home      Corporate Information      Teledyne Companies      News      Investors


About Us

  Did You Know

  Competitive Strengths

  Ethics and Values

  Everywhereyoulook

Management Team

  Board of Directors

  Executive Profiles

Financial Information
  Investor Information

  News/Earnings

  Stockholder Info

Careers

  Work With Us

  Submit Your Resume




News


Teledyne Acquires PDM Neptec

THOUSAND OAKS, Calif. – August 3, 2012 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Limited, has acquired the parent company of PDM Neptec Limited (“PDM Neptec”). PDM Neptec, located in Hampshire, United Kingdom, provides underwater cables, fiber optic and electrical subsea connectors and custom engineering solutions. The acquired company will now operate under the name Teledyne Impulse-PDM Ltd. Terms of the transaction were not disclosed.

“The thirteenth acquisition in our Teledyne Marine group, PDM Neptec further expands our line of harsh-environment marine interconnects provided by Teledyne,” said Robert Mehrabian, chairman, president and chief executive officer of Teledyne. “In addition, PDM Neptec adds additional engineering talent and strengthens our international sales channels.”

“With the acquisition of PDM Neptec, a two decade project of Peter Dennis, Teledyne is able to leverage PDM Neptec to develop further its European footprint. The transaction is a natural development for PDM Neptec, positive for employees, the local community, customers and suppliers,” said Susannah Dennis. “Finally, as a founder of the company, I am pleased to see PDM Neptec’s name live on, in its new incarnation as Teledyne Impulse-PDM.”

Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom and Mexico. 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 recent acquisition of a company. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of Teledyne and PDM Neptec to achieve anticipated synergies, as well as market and economic conditions beyond either company’s control, could change anticipated results. There are additional risks associated with investing in businesses internationally, including those arising from U.S. and foreign government policy and regulatory changes or actions and exchange rate fluctuations.

Investor Contact: Jason VanWees (805) 373-4542

Media Contact: Robyn McGowan (805) 373-4540




Home | Terms of Use | Careers | Search | Contact

Copyright © 2017 Teledyne Technologies Incorporated. All rights reserved.
1049 Camino Dos Rios - Thousand Oaks, CA 91360 - 805-373-4545
Quote data provided by North American Quotations, Inc.