Teledyne Completes Acquisition of Filtronic PLC
Teledyne Technologies Inc. announced that its subsidiary, Teledyne Ltd., has completed the acquisition of the Defense Electronics business of Filtronic PLC for £13.0 M (approximately $24.3 M). The Defense Electronics business, principally based in Shipley, United Kingdom, provides customized microwave subassemblies and integrated subsystems to the global defense industry. The acquisition, which adds expertise in receiver subsystems and digital signal processing, is consistent with Teledyne’s strategy to provide more highly integrated microwave subsystems to defense customers.
Filtronic’s Defense Electronics business designs and manufactures a range of microwave products for radar, electronic support measures and electronic counter measures systems used to protect modern military platforms from hostile threats. The business is recognized for delivering complex microwave receiver front-end subsystems, including Instantaneous Frequency Measurement (IFM)-based subsystems and customized multifunction assemblies. The Defense Electronics business had sales of £14.5 M for its fiscal year ended May 31, 2008.