Teledyne Technologies Incorporated of Thousand Oaks, CA announced April 30 that its subsidiary, Teledyne DALSA, Inc., acquired the remaining minority interest in the parent company of Optech Incorporated, bringing its ownership interest to 100%. Terms of the transaction were not disclosed.
Headquartered in Vaughan, Ontario, Optech is a leader in advanced laser-based survey and digital imaging instrumentation. Founded in 1974, Optech provides advanced light detection and ranging (LIDAR) systems used in airborne mapping and laser bathymetry, as well as mobile mapping and terrestrial imaging. Optech’s imaging and mapping systems are used by a broad range of global customers engaged in the energy, natural resources and infrastructure industries, as well as government customers.
“We have always been excited by Optech’s strong technology and products,” said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. “In particular, the timing of this transaction demonstrates our confidence in recent product releases, including the new Galaxy and multi-wavelength Titan airborne mapping systems, as well as the updated workflow in Optech’s mobile imagers.”
Source: Teledyne Technologies