TELEDYNE TECHNOLOGIES INC acquires Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq")
Snapshot
TELEDYNE TECHNOLOGIES INC acquired Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq") for approximately $702.8 million in cash, net of cash acquired (subject to certain adjustments) in February 2025. The transaction was structured as all cash. Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq") is a Northern Wales, U.K. (OS business) and the United States (AES business)-based Aerospace and Defense Electronics business.
- Acquirer
- TELEDYNE TECHNOLOGIES INC
- Target
- Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq")
- Value
- approximately $702.8 million in cash, net of cash acquired (subject to certain adjustments)
- Date
- February 2025
- Type
- full acquisition (carve-out)
- Status
- ready
The deal at a glance
About this deal
TELEDYNE TECHNOLOGIES INC acquired Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq") for approximately $702.8 million in cash, net of cash acquired (subject to certain adjustments), a transaction completed in February 2025, structured as all cash.
Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq") operates in Aerospace and Defense Electronics, is based in Northern Wales, U.K. (OS business) and the United States (AES business). Teledyne acquired select aerospace and defense electronics businesses of Excelitas Technologies Corp., comprising the Optical Systems (OS) business based in Northern Wales, U.K., and the U.S.-based Advanced Electronics Systems (AES) business, collectively referred to as Qioptiq. The acquisition was funded from available borrowings on Teledyne's credit facility and cash on hand.
Part of the Aerospace and Defense Electronics segment
No advisory firms have been disclosed for this transaction.