Teledyne Technologies Incorporated TDY (“Teledyne”) and the
shareholders of RESON A/S (“RESON”) jointly announced today that they have
entered into a definitive agreement for the acquisition of RESON by a
wholly-owned subsidiary of Teledyne. RESON, headquartered in Slangerup,
Denmark, provides high-resolution marine acoustic imaging and measurement
solutions. Terms of the transaction were not disclosed. The closing of the
transaction, which is subject to customary conditions, is anticipated to occur
in the first quarter of 2013.
With over 30 years of experience and approximately 1,400 RESON echosounders
sold worldwide, RESON is a leading provider of multibeam sonar systems and
specialty acoustic sensors for hydrography, global marine infrastructure and
offshore energy operations. RESON's multibeam sonar systems range from
portable high-resolution shallow water systems used on autonomous underwater
vehicles (AUVs) to full ocean depth vessel mounted oceanographic systems.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in