April 08, 2016: Teledyne Technologies to acquire geospatial software developer CARIS; no terms disclosed. CARIS business and its international affiliates (collectively, CARIS) have agreed to be acquired by a wholly-owned subsidiary of Teledyne. CARIS, headquartered in Fredericton, New Brunswick, is the leading developer of geospatial software designed for the hydrographic and marine community. Terms of the transaction were not disclosed. The closing of the transaction, which is subject to customary conditions, is anticipated to occur in the second quarter of 2016.
While it will complement Teledynes marine instrumentation companies and Teledyne PDS, CARIS will become part of Teledynes Digital Imaging segment. CARIS will maintain and expand its advanced software solutions and support for a wide range of sensor platforms, data formats and acquisition software across the industry.
More Teledyne Technologies News
April 07, 2016: Teledyne Technologies acquires Frontline Test Equipment, Inc; terms undisclosed. Teledyne Technologies Incorporated announced that Teledyne LeCroy, Inc. has acquired Frontline Test Equipment, Inc.. Frontline, headquartered in Charlottesville, Virginia, provides electronic test & measurement instrumentation and is a market leader in wireless protocol analysis test tools. Terms of the transaction were not disclosed.
Protocol analyzers are used by engineers to troubleshoot data communication systems and test device interoperability, compliance and interference. Frontlines protocol tools intercept, log traffic and analyze data that passes over digital wireless networks. The companys analyzers span a wide range of technologies, including Bluetooth, 802.11 (Wi-Fi) and near field communication (NFC), and are used by hundreds of companies globally in the consumer electronics, semiconductor, telecommunications and automotive industries.
March 13, 2016: Teledyne Technologies has formed a candle over candle reversal on the chart as energy markets have strengthened ahead of possible oil production cuts and the move higher in oil.
February 4, 2016: Teledyne Technologies reports Q4 2015 EPS of $1.57 versus the $1.29 estimate. Revenue also beat coming in at $600 million versus $577 million estimate. The Board authorizes a 3 million share buyback (8.5% of shares outstanding).
The CEO says, “While energy markets have weakened, our aerospace and defense businesses are performing well. Nevertheless, in 2016 we expect further deterioration in our offshore energy businesses, which now represent approximately 15% of total sales. We also remain cautious in other commercial markets given the challenging global economic environment, so we believe it is prudent to be measured in our outlook.”
Teledyne Technologies Incorporated provides instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, and internationally.
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