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Wednesday, Feb 28, 2024

Teledyne Completes Nebraska Acquisition

Teledyne Instruments Inc. closed on Friday its acquisition of a Nebraska company that makes automated laboratory equipment. Terms of the deal between Teledyne Instruments, in City of Industry, and CETAC Technologies, in Omaha, were not disclosed. Teledyne Instruments is a subsidiary of Teledyne Technologies in Thousand Oaks. Teledyne Technologies Chief Executive Robert Mehrabian said CETAC equipment is used for elemental and chemical analysis and fits well with Teledyne’s environmental-instrumentation product line. Teledyne Technologies is a manufacturer of instrumentation and digital-imaging products in the aerospace, defense electronics, oil and gas, and other industries. It has completed several other acquisitions this year. Shares lost $1.42, or nearly 2 percent, to close at $77.17 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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