Teledyne Completes Acquisition of Judson Technologies,
LLC
Investor Contact: Jason VanWees (805)
373-4542
|
Press Contact: Robyn McGowan (805)
373-4540 |
THOUSAND OAKS, California -- February 4, 2008 --
Teledyne Technologies Incorporated announced today that its
subsidiary, Teledyne Scientific & Imaging, LLC, has completed
the acquisition of assets of Judson Technologies, LLC ("Judson").
Judson, headquartered in Montgomeryville, Pa., is a leading designer
and manufacturer of high performance infrared detectors and
accessory products. Terms of the transaction were not disclosed.
Judson
manufactures high performance infrared detectors utilizing a wide
variety of materials such as Mercury Cadmium Telluride (HgCdTe),
Indium Antimonide (InSb), and Indium Gallium Arsenide (InGaAs), as
well as tactical dewar and cooler assemblies and other specialized
standard products for military, space, industrial and scientific
applications. Judson had sales of $13.8 million for its fiscal year
ended December 31, 2006. After the closing, the acquired business
will operate under the name Teledyne Judson Technologies.
Teledyne Technologies is a leading provider of sophisticated
electronic subsystems, instrumentation and communication products,
engineered systems, aerospace engines, and energy and power
generation systems. Teledyne Technologies' operations are primarily
located in the United States, the United Kingdom and Mexico. For
more information, visit Teledyne Technologies' website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This
press release contains forward-looking statements, as defined in the
Private Securities Litigation Reform Act of 1995, relating to a
recent acquisition. Actual results could differ materially from
these forward-looking statements. Many factors, including the
company's ability to integrate the acquired product lines, retain
customers and achieve anticipated synergies, could change the
anticipated results.
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