TELEDYNE TECHNOLOGIES INC acquired Micropac Industries, Inc. for approximately $51.2 million in cash, net of cash acquired, a transaction completed in December 2024, structured as all cash.
Micropac Industries, Inc. operates in Aerospace and Defense Electronics, is based in Headquartered in Garland, Texas. Micropac Industries, founded in 1963 and headquartered in Garland, Texas, designs and manufactures microelectronic circuits, optoelectronic components and sensor and display assemblies primarily for military, aerospace and medical applications. The acquisition was funded from cash on hand.
Aerospace and Defense Electronics
During the first quarter of 2025, the Company acquired Micropac Industries, Inc. ("Micropac") for approximately $51.2 million in cash, net of cash acquired. Micropac, founded in 1963 and headquartered in Garland, Texas, designs and manufactures microelectronic circuits, optoelectronic components and sensor and display assemblies primarily for military, aerospace and medical applications.Teledyne FY2025 10-K (filed Feb 20, 2026), Note 3 Business Acquisitions
Advisory firms were not disclosed for this transaction.