Teledyne Completes Acquisition of Select Aerospace and Defense Electronics Businesses of Excelitas
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Teledyne Technologies has completed the acquisition of select aerospace and defense electronics businesses from Excelitas Technologies for $710 million. This acquisition includes the Qioptiq brand and a U.S.-based advanced electronic systems business.
February 03, 2025 | 12:15 pm
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Teledyne Technologies has successfully acquired select aerospace and defense electronics businesses from Excelitas for $710 million, enhancing its product offerings in optical and electronic systems.
The acquisition is likely to positively impact Teledyne's stock price in the short term as it expands its product offerings and market presence in the aerospace and defense sectors. The $710 million deal signifies a strategic move to enhance its capabilities and competitive edge.
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