Teledyne Technologies Acquires RD Instruments
Teledyne Technologies Inc. (Los Angeles, CA), a provider of electronic components, communications products, aerospace components, and on-site power generation systems, announced that its subsidiary, Teledyne Investment Inc., has completed the acquisition of RD Instruments Inc. (RDI, San Diego, CA) for approximately $37.0 million. RD Instruments designs and manufactures acoustic Doppler instrumentation. The business will operate as Teledyne RD Instruments Inc. Teledyne funded the acquisition primarily from borrowings under its $280 million credit facility arranged with a syndicate of banks.
"The acquisition of RD Instruments complements Teledyne's existing businesses in multiple market segments," said Teledyne Technologies Chairman, President and CEO Robert Mehrabian. "For example, both RD Instruments and Teledyne Geophysical Instruments employ ultrasonic transducers to sense signals in water. The combination of Teledyne's cost-effective instruments and software with RDI's products, which provide the highest accuracy for large pipes, will permit Teledyne to offer a more complete portfolio of flow measurement solutions to our customers."