Teledyne Acquires OakGate Technology
January 06 2020 - 8:01AM
Business Wire
Teledyne Technologies Incorporated (NYSE:TDY) announced today
that its subsidiary, Teledyne LeCroy, Inc., has acquired OakGate
Technology, Inc. (“OakGate”). Based in Loomis, California, OakGate
provides software and hardware designed to test electronic data
storage devices from development through manufacturing and end-use
applications. Terms of the transaction were not disclosed.
Teledyne LeCroy is a leading provider of protocol analyzers for
a wide range of digital communications standards, such as Universal
Serial Bus (USB), Peripheral Component Interconnect Express (PCI
Express) and Gigabit Ethernet (GigE). Designed to generate,
capture, and analyze high-speed communications traffic, Teledyne
LeCroy’s tools help developers discover and correct persistent and
intermittent errors and flaws in their product design. OakGate
provides complementary software and hardware primarily focused on
the test, validation and operating performance of solid state
electronic storage media. Both companies’ tools are widely used
across the semiconductor, data center and consumer electronics
industries.
“Teledyne LeCroy and OakGate serve similar customers ranging
from silicon device suppliers to cloud storage operators,” said
Robert Mehrabian, Executive Chairman of Teledyne. “The acquisition
of OakGate allows Teledyne to provide a complete set of software
and hardware used from the design of new data storage devices to
the use of such devices in hyperscale cloud storage networks.”
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 OakGate to achieve anticipated synergies,
as well as market and economic conditions beyond Teledyne’s
control, could change anticipated results.
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version on businesswire.com: https://www.businesswire.com/news/home/20200106005401/en/
Jason VanWees (805) 373-4542
Teledyne Technologies (NYSE:TDY)
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