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Tuesday, Aug 16, 2022
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Teledyne Invests in Another Digital Imaging Company

Teledyne DALSA has acquired a minority interest in the parent company of Canada-based Optech Incorporated. Teledyne DALSA is a subsidiary of Thousand Oaks-based Teledyne Technologies Inc., a provider of electronic subsystems, instrumentation and communication products. Optech, based in Vaughan, Ontario, is a company that makes laser-based survey and digital imaging instrumentation. It has 285 employees worldwide. The terms of the transaction were not disclosed. Teledyne has the option to purchase all of the company’s shares after a three-year period. The transaction marks Teledyne’s third strategic investment in the digital imaging domain this year. Prior deals include the acquisition of DALSA Corporation and the investment in Nova Research Inc, or Nova Sensors. Optech offers both stand-alone and fully integrated light detection and ranging, or lidar, systems and camera imaging solutions used in airborne terrestrial mapping, airborne laser bathymetry, mobile mapping and laser imaging. The company also makes space-qualified sensors for orbital operations and planetary exploration. “Optech’s three-dimensional lidar-based imaging systems are complementary to Teledyne’s growing line of X-ray, UV, visible and infrared sensors, cameras and software,” said Robert Mehrabian, Teledyne’s chairman, president and CEO. “In addition, we were attracted to Optech’s presence in the environmental, energy and marine domains, where Optech’s lidar systems are used for flood plain and coastal zone mapping, servicing power and gas lines, land and harbor infrastructure planning.” Don Carswell, president of Optech, said the company is pleased to have Teledyne as a strategic investor and that the partnership will contribute to Optech’s growth and profitability. Jessica Vernabe

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