Teledyne Acquires Micralyne
September 03 2019 - 8:00AM
Business Wire
Teledyne Technologies Incorporated (NYSE:TDY) announced today
that its subsidiary, Teledyne Digital Imaging, Inc., has acquired
Micralyne Inc. (“Micralyne”). Based in Edmonton, Alberta, Canada,
Micralyne is a privately-owned foundry providing Micro Electro
Mechanical Systems or MEMS devices. In particular, Micralyne
possesses unique microfluidic technology for biotech applications,
as well as capabilities in non-silicon-based MEMS (e.g. gold,
polymers) often required for human body compatibility.
MEMS devices, which contain miniaturized mechanical and
electro-mechanical elements, are manufactured using unique
microfabrication techniques and process expertise. Through Teledyne
DALSA, Teledyne’s existing MEMS foundry in Bromont, Quebec,
supplies major companies with high-volume MEMS manufacturing for a
wide range of applications including consumables used in life
sciences and semiconductor fabrication. In its annual research
report, the Status of the MEMS Industry 2019, Yole Développement
cited Teledyne DALSA as a leading pure-play foundry for MEMS.
“Micralyne’s technology, processes, and strong product
development pipeline ideally complement Teledyne’s state of the art
200 mm (8 inch) manufacturing capability and expertise,” said
Robert Mehrabian, Executive Chairman of Teledyne. “The acquisition
of Micralyne solidifies Teledyne as the number one independent
multi-product MEMS foundry in the world.”
About Teledyne
Teledyne is a leading provider of sophisticated instrumentation,
digital imaging products and software, aerospace and defense
electronics, and engineered systems. Teledyne’s operations are
primarily located in the United States, Canada, the United Kingdom,
and Western and Northern Europe. For more information, visit
Teledyne’s 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 an acquisition of a business. Actual results could
differ materially from these forward-looking statements. Many
factors, including the ability of Teledyne and Micralyne to achieve
anticipated synergies, as well as market and economic conditions
beyond Teledyne’s control, could change anticipated results. There
are additional risks associated with operating businesses
internationally, including those arising from United States and
foreign government policy and regulatory changes or actions and
exchange rate fluctuations.
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version on businesswire.com: https://www.businesswire.com/news/home/20190903005323/en/
Jason VanWees (805) 373-4542
Teledyne Technologies (NYSE:TDY)
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