August 13, 2022
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Teledyne purchases acoustic imaging company

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Thousand Oaks-based Teledyne Technologies still has its sights set on enhancing its imaging instruments sector, with the recent acquisition of a majority stake in Noiseless Acoustics, a Finnish technology company that specializes in advanced acoustic imaging instruments.

Teledyne announced the acquisition on July 15 and did not disclose financial details.

This marks the second time in as many years that Teledyne has acquired a company specializing in imaging-based technology, after last year’s acquisition of Flir Technologies, a thermal imaging company based in Oregon with a large presence in Goleta, for $8.2 billion.

Rickard Lindvall, general manager of Teledyne Flir Solutions, said in a Teledyne news release that Teledyne and Noiseless Acoustics have worked together since 2019, and this move will only “strengthen our partnership with the company.”

“Collectively, Teledyne and NL Acoustics provide a wide range of condition monitoring and safety solutions, including acoustic imaging systems, optical gas leak detection cameras, and hazardous gas and flame detection instrumentation,” Lindvall said in the news release.

Founded in 2015, NL Acoustics is lauded for its “easy-to-use” acoustic cameras that are designed and manufactured in Finland and used for predictive maintenance purposes, such as locating faults, making production processes more efficient, and saving energy and costs.

More than 90% of NL Acoustics’ production is exported, with the company’s biggest customers working in the energy sector.

“Being part of the Teledyne family brings us a lot of synergies in the areas of R&D, sourcing and production,” Jonas Nyberg, chief technology officer of NL Acoustics, said in the news release.

Following the close of the deal, Nyberg and fellow co-founder, CEO Kai Saksela, will retain their minority stake in the business.

NL Acoustics employs 50 people, all of whom are expected to retain their positions. Teledyne as a whole employs over 15,000 people worldwide, and generated $4.6 billion in revenue last fiscal year.

“Continuity is the key; NL Acoustics will continue to work as a team to serve our customers and partners exactly as before, but with the support of Teledyne,” Saksela said.