TELEDYNE TECHNOLOGIES INC acquired ETM-Electromatic, Inc. for $87.7 million, structured as Cash, net of cash acquired.
ETM-Electromatic, Inc. operates in Digital Imaging. Teledyne acquired ETM-Electromatic, Inc. during the fourth quarter of 2022. Headquartered in Newark, California, ETM designs and manufactures high-power microwave and high-energy X-ray subsystems for cancer radiotherapy, defense and X-ray security applications.
Adds high-power microwave and high-energy X-ray subsystem capability to the Digital Imaging segment.
During the fourth quarter of 2022, Teledyne acquired ETM-Electromatic, Inc. ("ETM") for $87.7 million in cash, net of cash acquired, and subject to certain adjustments.Teledyne Technologies FY2022 Form 10-K, Note 3. Business Acquisitions
Advisory firms were not disclosed for this transaction.