TELEDYNE TECHNOLOGIES INC acquired Bolt Technology Corporation for $171 million, a transaction completed in November 2014, structured as All-cash statutory merger; Bolt merged with Lightning Merger Sub, Inc., a wholly-owned Teledyne subsidiary; approved by Bolt shareholders on 2014-11-17..
Bolt Technology Corporation operates in Instrumentation, is based in Norwalk, Connecticut, USA. Teledyne acquired Bolt Technology Corporation (NASDAQ:BOLT), a Norwalk, Connecticut developer and manufacturer of marine seismic energy sources and data-acquisition equipment for offshore oil and gas exploration, in an all-cash merger. Bolt also makes high-reliability underwater cables, connectors and electronic controllers, and through its SeaBotix business designs miniature underwater remotely operated vehicles (Mini ROVs) for maritime security, search and rescue, aquaculture and research.
Bolt's geophysical acoustic sources complement Teledyne's hydrophone arrays; its connector technology strengthens the subsea interconnect business; and SeaBotix adds inspection-class ROVs to Teledyne's marine systems and AUV lineup.
Advisory firms were not disclosed for this transaction.