Thousand Oaks-based Teledyne Technologies acquired the British high performance image sensor manufacturer e2v Technologies in an all-cash deal, the companies announced on Dec. 12.
Under the terms of the deal, e2v’s ordinary shareholders will receive 275 pence in cash for each e2v share valuing the ordinary share capital of e2v at approximately 620 million British pounds, or about $787 million, on a fully diluted basis. The deal is expected to go through in the first half of 2017.
e2v provides sensors for cameras as well as solar arrays and satellites. It also produces components for radio frequency power generation for health care, industrial and defense applications.
“We have followed e2v for more than a decade. Over time, as both Teledyne and e2v evolved, our businesses have become increasingly aligned. In fact, every business within e2v is highly complementary to Teledyne. As important, there is minimal product overlap,” Teledyne Chairman, President and CEO Robert Mehrabian said in a news release.
Teledyne also recently required Hanson Research, which specializes in analytical instrumentation for the pharmaceutical industry.
• Contact Alex Kacik at [email protected]