TELEDYNE TECHNOLOGIES INC acquired LeCroy Corporation for approximately $291 million ($14.30 per share in cash), including stock options, SARs and net debt as of March 31, 2012, a transaction announced in May 2012, structured as all cash.
LeCroy Corporation operates in Instrumentation (test and measurement), is based in Headquartered in Chestnut Ridge, New York; approximately 500 employees worldwide, had revenue of about approximately $178.1 million sales (fiscal year ended July 2, 2011). LeCroy Corporation, founded in 1964 and headquartered in Chestnut Ridge, New York, is a leading supplier of oscilloscopes, protocol analyzers and signal-integrity test solutions with approximately 500 employees worldwide. For its fiscal year ended July 2, 2011, LeCroy had sales of approximately $178.1 million.
LeCroy broadens Teledyne's portfolio of analytical instrumentation by adding a leader in electronic test and measurement; Teledyne highlighted LeCroy's strength in high-performance oscilloscopes and its potential as a commercial outlet for Teledyne's Indium Phosphide (InP) process technology.
Leadership in high-performance oscilloscopes and test/measurement, plus a commercial outlet for Teledyne's InP and high-frequency technology. Added to Teledyne's analytical instrumentation businesses
LeCroy will broaden our portfolio of analytical instrumentation businesses by adding a leader in electronic test and measurement solutions. We are particularly impressed with LeCroy's strength in the market for high-performance oscilloscopes.Robert Mehrabian, Chairman, President and CEO, Teledyne Technologies (May 29, 2012)
Advisory firms were not disclosed for this transaction.