TELEDYNE TECHNOLOGIES INC acquired VariSystems Inc., a transaction completed in February 2012, structured as Acquisition; operates as Teledyne VariSystems..
VariSystems Inc. operates in Instrumentation, is based in Calgary, Alberta, Canada. Teledyne acquired VariSystems Inc., a Calgary, Alberta supplier of custom harsh-environment interconnects. VariSystems provides over-molded interconnects and cable assemblies for land-based energy, mining and natural-resources customers, and reported sales of CAD $27.5 million for its fiscal year ended May 31, 2011. The business operates as Teledyne VariSystems.
Expands Teledyne's rugged connector portfolio for energy exploration and production, adding land-based energy market access (hydraulic fracturing and oil sands) and international presence.
Advisory firms were not disclosed for this transaction.