Tuesday, April 3, 2012
Teledyne Bumps Stake In Optech
Thousand Oaks-based Teledyne Technologies said this morning that it has increased its stake in Optech Incorporated, from 19 percent to 51 percent of the company. Financial terms of the deal were not announced. The transaction came from Teledyne's subsidiary, Teledyne DALSA, Inc. Optech is an Ontario, Canada-based developer of laser-based survey and digital imaging instrumentation products, with 285 employees. Teledyne originally purchased a stake in Optech in March of last year.