Teledyne acquires Micropac to strengthen presence in defense and healthcare sectors.

From Nasdaq: 2025-01-02 07:23:00

Teledyne Technologies, Inc. (TDY) has completed the acquisition of Micropac, a designer of microelectronic circuits and optoelectronic components. The $57.3 million deal will strengthen Teledyne’s presence in aerospace and defense industries, allowing for expansion of product offerings and market share.

In a spree of acquisitions in the defense industry, Teledyne joins Lockheed Martin, TransDigm Group, and Curtiss-Wright Corporation in recent buyouts. These strategic moves aim to enhance product offerings, expand customer base, and increase market share in various sectors, such as aerospace, defense, and industrial markets.

Teledyne’s stock price has risen 5.6% in the last three months, outperforming the industry average. With a Zacks Rank #3 (Hold), the company’s recent acquisitions are expected to drive growth and position Teledyne as a key player in the defense and healthcare sectors.

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Read more at Nasdaq: Teledyne Buys Micropac, Expands Defense & Healthcare Business