TELEDYNE TECHNOLOGIES INC acquires e2v technologies plc

TELEDYNE TECHNOLOGIES INC acquired e2v technologies plc for approximately GBP 627 million (approximately $789 million), including e2v stock options and net debt as of September 2016, a transaction completed in March 2017, structured as all cash.

e2v technologies plc operates in Digital Imaging, is based in Headquartered in Chelmsford, U.K.; operations including Grenoble, France and Seville, Spain, had revenue of about approximately GBP 236 million sales (year ended March 31, 2016). e2v technologies plc, headquartered in Chelmsford, U.K., provides high-performance image sensors and custom camera solutions for the machine vision market, space-qualified imaging sensors and arrays for space science and astronomy, high-reliability RF power generation components for healthcare, industrial and defense, and high-reliability semiconductors and board-level solutions for aerospace, space and communications. For the year ended March 31, 2016, e2v had sales of approximately GBP 236 million.

Every e2v business was described as highly complementary to Teledyne, spanning industrial machine vision to space-based imaging, microwave devices and specialty semiconductors, with engineering-centric cultures considered a strong fit; e2v also added critical mass in the U.K., Grenoble, France and Seville, Spain.

Highly complementary imaging, space-sensor, RF and semiconductor businesses with an engineering-centric culture and European footprint. Combined into Teledyne's Digital Imaging segment