Aug 202610
Teledyne Technologies agrees to buy Varex Imaging
Innovator, designer, and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors, and other image processing solutions.
$1.1 billionPending
Company
Teledyne Technologies Incorporated
Teledyne provides sensing, analysis and information-distribution technologies for aerospace and defense, factory automation, environmental monitoring, oceanographic research and other markets that need high reliability. ↗
| Headquarters | Thousand Oaks, CA ↗ |
|---|---|
| Leadership | George C. Bobb III, President and CEO ↗; Robert Mehrabian, Executive Chairman ↗ |
| Employees | 15,800 ↗ |
| Revenue | $6.1 billion (fiscal 2025) ↗ |
| U.S. government share | The Department of War is Teledyne's principal U.S. Government customer, with $1,203.6 million of net sales in fiscal 2025 ↗ |
| Department of War obligations | $1.6 billion in prime contracts since fiscal 2022 ↗ |
| Ownership | Public, Delaware corporation ↗ |
| Shares | TDY ↗ |
Products
- Teledyne makes digital imaging sensors, cameras and systems across the visible, infrared and X-ray spectra. ↗
- Teledyne makes oscilloscopes and protocol analyzers for electronic design and test. ↗
- Teledyne builds autonomous underwater vehicles, including gliders used for persistent surveillance by the U.S. Navy. ↗
- Teledyne supplies aircraft data and connectivity systems used by commercial airlines and the U.S. military. ↗
- Teledyne makes multi-spectrum electro-optic/infrared imaging systems, lasers, optics and radars for defense. ↗
Customers
Deals since 2020
Jan 202614
Teledyne Technologies buys DD-Scientific
Develops and manufactures high-performance gas sensors for critical applications.
$54 millionClosed Jan 14, 2026
Aug 202528
Saab AB sells TransponderTech to Teledyne Technologies
Buyer: Teledyne Technologies
Portfolio of connected commercial maritime products, including Automatic Identification System, VHF Data Exchange System and Global Navigation Satellite System technologies.
$58 millionClosed Oct 31, 2025
Jul 202501
Teledyne Technologies buys Maretron
Seller: Littelfuse
Assets of Maretron, including the brand's Octoplex, MPower and MConnect product lines.
UndisclosedClosed Jul 1, 2025
Nov 202406
Excelitas Technologies sells Qioptiq optical systems and Advanced Electronic Systems businesses to Teledyne Technologies
Buyer: Teledyne Technologies
Optical Systems business known under the Qioptiq brand, based in Northern Wales, UK, and the U.S.-based Advanced Electronic Systems business.
$710 millionClosed Feb 3, 2025
Nov 202404
Teledyne Technologies buys Micropac Industries
Designs and manufactures microelectronic circuits, optoelectronic components, and sensor and display assemblies.
$57 millionClosed Dec 30, 2024
Mar 202412
Teledyne Technologies buys Valeport
Designs and manufactures underwater sensors for environmental, energy, construction and defense applications.
$35 millionClosed Apr 10, 2024
Feb 202413
Teledyne Technologies buys Adimec
Develops customized high-performance industrial and scientific cameras for applications where image quality is of paramount importance.
$89 millionClosed Jun 4, 2024
Jan 202303
Teledyne Technologies buys ChartWorld
Provider of digital marine navigation hardware and software provided through an affordable subscription-based model.
$54 millionClosed Jan 3, 2023
Oct 202226
Teledyne Technologies buys ETM-Electromatic
Designs and manufactures high-power microwave and high-energy X-ray subsystems for cancer radiotherapy, defense and X-ray security applications.
$88 millionClosed Oct 28, 2022
Jul 202215
Teledyne Technologies buys NL Acoustics
Designs and manufactures acoustics imaging instruments and predictive maintenance solutions.
$12 millionClosed Jul 15, 2022
Jan 202104
Teledyne Technologies buys FLIR Systems
Industrial technology company focused on intelligent sensing solutions for defense and industrial applications.
$8 billionClosed May 14, 2021
Other acquisitions
- Teledyne bought Xena Networks, a Danish network test provider, in the fourth quarter of 2023 for $24.2 million in cash, net of cash acquired. ↗
Segments
- Digital Imaging is Teledyne's largest segment, at 52% of fiscal 2025 net sales. ↗