TELEDYNE TECHNOLOGIES INC acquired Optech Incorporated, a transaction completed in April 2015, structured as Acquisition of remaining minority interest, bringing Teledyne DALSA ownership to 100%..
Optech Incorporated operates in Digital Imaging, is based in Vaughan, Ontario, Canada. Teledyne's subsidiary Teledyne DALSA, Inc. acquired the remaining minority interest in the parent company of Optech Incorporated, bringing its ownership to 100%. Headquartered in Vaughan, Ontario and founded in 1974, Optech is a leader in laser-based survey and digital imaging instrumentation, providing LIDAR systems for airborne mapping, laser bathymetry, mobile mapping and terrestrial imaging used across energy, natural resources, infrastructure and government markets.
Full ownership reflects Teledyne's confidence in Optech's LIDAR technology and recent product releases (Galaxy and multi-wavelength Titan airborne mapping systems) within its digital imaging domain.
Advisory firms were not disclosed for this transaction.