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Sunday, May 28, 2023

Teledyne Acquires Majority Stake in Noiseless Acoustics

Teledyne Technologies Inc. has acquired a majority stake in Noiseless Acoustics Oy, a Finnish company that manufactures acoustics imaging instruments.

Terms of the deal between Thousand Oaks-based aerospace, marine and digital imaging products manufacturer Teledyne and NL Acoustics in Helsinki were not disclosed.

NL Acoustics camera products allow users to detect critical problems and make maintenance decisions in multiple applications, including electric power distribution, compressed air systems and factory condition monitoring, according to a release from Teledyne.

Rickard Lindvall, general manager of Teledyne FLIR Solutions, the division that NL Acoustic products will be marketed and sold under, said the company was delighted to strengthen its relationship with the Finnish firm. Teledyne and NL Acoustics have worked together since 2019, he added.

“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 a statement.

Kai Saksela, the chief executive, and Jonas Nyberg, the chief technology officer, who founded NL Acoustics in 2015, will retain a minority stake in the business and continue in their current executive leadership roles with the company, the Teledyne release said.

The acquisition was announced by Teledyne on Friday. On Monday, shares in Teledyne (TDY) closed up 1 cent, or roughly 0%, to $382.04 on the New York Stock Exchange, on a day when the Dow Jones closed down at a fraction of 1%.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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