Monday, August 18, 2008
Teledyne Completes Filtronic Acquisition
Thousand Oaks-based Teledyne Technologies said Friday that the firm has completed its acquisition of the defense electronics business of Filtronic PLC. The deal was worth approximately $24.3M, and was originally announced at the beginning of August. Filtronic's Defense Electronics business is based in Shipley, United Kingdom, and manufactures microwave subassemblies and integrated subsystems to the defense industry. According to Teledyne, the Defense Electronics business had sales of £14.5 million for its fiscal year ended May 31, 2008.