Teledyne Completes Acquisition of CARIS

THOUSAND OAKS, Calif. — (BUSINESS WIRE) — May 4, 2016 — Teledyne Technologies Incorporated (NYSE: TDY) (“Teledyne”) announced today that it has completed the acquisition of the CARIS business and its international affiliates (collectively, “CARIS”). CARIS, headquartered in Fredericton, New Brunswick, Canada, is the leading developer of geospatial software designed for the hydrographic and marine community. The acquired company will now operate under the name Teledyne CARIS, Inc. Terms of the transaction were not disclosed.

Founded in 1979, CARIS pioneered software for processing and visualizing sonar data, as well as for producing, managing and distributing marine geospatial information. Today, CARIS offers the most comprehensive solution for bathymetry, seafloor imagery and water column data processing, and the industry leading suite of paper and electronic navigational chart production and management software. Approximately 90% of the world’s hydrographic offices use CARIS in their workflow.

About Teledyne Technologies

Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne Technologies’ website at www.teledyne.com.

Forward-Looking Statements Cautionary Notice

This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to a recent acquisition of a company. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of Teledyne and CARIS to achieve anticipated synergies, as well as market and economic conditions beyond either company’s control, could change anticipated results. There are additional risks associated with investing in businesses internationally, including those arising from United States and foreign government policy and regulatory changes or actions and exchange rate fluctuations.



Contact:

Teledyne
Jason VanWees, 805-373-4542




Review Article Be the first to review this article


Featured Video
Jobs
GIS Analyst II for Air Worldwide at Boston, MA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Geospatial World Forum 2017 Hyderabad at Hyderabad International Convention Center P.O Bag 1101, Cyberabad Post Office Hyderabad Telangana India - Jan 23 - 25, 2017
GMP Compliance for Quality Control Laboratories 2016 at Andheri Kurla Road, Sahar Village, Andheri-Kurla Road, Mumbai, Maharashtra 40005 Mumbai, Maharashtra India - Jan 23 - 24, 2017
Trimble
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy