Teledyne to Acquire Adimec
February 13 2024 - 8:00AM
Business Wire
Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”)
announced today that it has entered into an agreement to acquire
Adimec Holding B.V. and its subsidiaries (“Adimec”). Adimec,
founded in 1992 and headquartered in Eindhoven, Netherlands,
develops customized high-performance industrial and scientific
cameras for applications where image quality is of paramount
importance.
“Adimec possesses uniquely complementary technology, products
and customers in the shared strategic focus areas of healthcare,
global defense, and semiconductor and electronics inspection,” said
Edwin Roks, Chief Executive Officer of Teledyne. “For decades and
from our own X-ray imaging business headquartered in Eindhoven, I
have watched Adimec grow to become a leader in niche applications
requiring truly accurate images for precise decision making in
time-critical processes.”
Joost van Kuijk, Adimec’s Chief Executive Officer, commented,
“It is with great pleasure that we are able to announce publicly
that Adimec will become part of Teledyne. Adimec’s success has
always been built on ensuring imaging excellence in demanding
applications through an unwavering focus on individual customer
requirements by our expert engineers and designers.”
Adimec co- Chief Executive Officer, Alex de Boer added, “As a
leader in advanced imaging technologies for industrial and
scientific markets, Teledyne is the perfect company to build
further on the strong foundation the founders and management have
established over the past three decades. The entire Adimec team is
looking forward to contributing to an exciting future with Teledyne
while extending technical boundaries to support our customers with
cameras — perfectly optimized to their application needs.”
About Teledyne
Teledyne is a leading provider of sophisticated digital imaging
products and software, instrumentation, 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 a pending acquisition of a company subject to customary
closing conditions and approvals. Actual results could differ
materially from these forward-looking statements. Many factors, as
well as market and economic conditions beyond either company’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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Jason VanWees (805) 373-4542
Teledyne Technologies (NYSE:TDY)
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