Instrumentation & Controls, O&M

Teledyne completes acquisition of testing and analysis company

Instrumentation, digital imaging and software company Teledyne Technologies Inc. (NYSE: TDY) completed the acquisition of LeCroy Corp. (NASDAQ: LCRY) on August 2.

The aggregate value for the deal was approximately $291 million, taking into account LeCroy’s stock options, stock appreciation rights and net debt as of March 31, 2012. Teledyne acquired all of LeCroy’s outstanding common shares for $14.30 per share payable in cash.

Founded in 1964 and headquartered in Chestnut Ridge, N.Y., LeCroy is a supplier of oscilloscopes, protocol analyzers and signal integrity test solutions with approximately 500 employees worldwide. The acquired company will now be included in Teledyne’s Instrumentation segment and operate under the name Teledyne LeCroy Inc.

Read more instrumentation and controls news