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Thursday, Mar 28, 2024

Teledyne Buys Chatsworth’s Hanson Research

Teledyne Technologies Inc. has announced that it acquired Hanson Research Corp., a developer and manufacturer of instruments used in the pharmaceutical industry. Terms of the deal between Teledyne, in Thousand Oaks, and Hanson Research, in Chatsworth, were not disclosed. Teledyne makes products used by aerospace, marine and energy companies. Teledyne Chief Executive Robert Mehrabian said Hanson will become part of the subsidiary Teledyne Instruments Inc. and will complement the company’s portfolio of laboratory instrumentation businesses. “Hanson Research will strengthen Teledyne’s relationships with global life sciences and pharmaceutical companies,” Mehrabian said in a prepared statement. The acquisition was announced on Tuesday. Shares on Wednesday closed down 92 cents, or less than 1 percent, to $128.13 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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