Teledyne reportedly will buy instrumentation analyzer firm
- By Washington Technology staff
- May 29, 2012
Defense equipment manufacturer Teledyne Technologies Inc. will buy LeCroy Corp. for a total of $291 million in cash, stock options, stock appreciation rights and debt to strengthen its analytical instrumentation business, the Reuters news agency reports.
LeCroy makes communication protocol analyzers and high-performance oscilloscopes, which are used to measure and analyze complex electronic signals.
The company, with about 500 employees worldwide, had sales of about $178 million in the year ended July 2, 2011, the news agency said.
Needham & Co. is the financial adviser to Teledyne, while Stifel Nicolaus Weisel is the adviser to LeCroy.
Teledyne Technologies Inc., of Thousand Oaks, Calif., ranks No. 100 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.