Teledyne Acquires FLIR
Industrial conglomerate Teledyne Technologies Incorporated (NYSE:TDY) said it has completed its acquisition of thermal imaging cameras and sensors company FLIR Systems, Inc. (NASDAQ:FLIR). FLIR will now be included in Teledyne’s Digital Imaging segment and operate under the name Teledyne FLIR.Under the terms of the cash-and-stock deal announced in January, FLIR stockholders received $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of approximately $57.40 per FLIR share based on Teledyne’s closing price on May 13.
Teledyne to Acquire FLIR Systems in $8 Billion Deal
Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cash-and-stock deal to beef up its portfolio of imaging sensor technology.FLIR shareholders will receive $28 in cash and 0.0718 shares of Teledyne common stock for each share held, the companies said.That implies a purchase price of $56.14 based on Teledyne’s last close, and represents a premium of 28.1% for FLIR shareholders to the stock’s Thursday close.Teledyne and FLIR sell cameras and sensor systems.“Our technologies and products are
TMS to Use 3D Printers for Submarines
German industrial conglomerate Thyssenkrupp Marine Systems (TMS) plans to use 3D printers increasingly in manufacturing submarine parts. This offers decisive advantages over conventionally produced components.The corresponding quality and safety approvals have already been granted. Through acquisition of the thyssenkrupp TechCenter Additive Manufacturing (in Mülheim an der Ruhr, North Rhein-Westphalia), the required technology and expertise will now come to the Kiel Fjord. It is planned to complete the transition by June 2020.Dr. Luis Alejandro Orellano, COO of thyssenkrupp Marine Systems said:
Robotics: The Next Gen in Subsea Vehicles
, acquiring 3D seismic data, in deepwater, is planned for this year in the North Sea. Nine vehicles have been built and were due to go offshore for testing in the first half, with more planned to be built in the coming year.MUM’s the wordThyssenkrupp Marine Systems (MS), part of the German industrial conglomerate, is working on a different scale to both uSEA and uLARS. The firm is designing a very large (up to 50m-long) unmanned underwater vehicle (UUV), called a modifiable underwater mothership (MUM), based on a modular design, comprising basic and mission modules.The thinking behind it is that
February 2024
