Teledyne To Acquire Select Aerospace, Defense Electronics Businesses From Excelitas
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Teledyne Technologies (TDY) has agreed to acquire select aerospace and defense electronics businesses from Excelitas Technologies Corp. for an undisclosed amount in cash. The acquisition includes the Qioptiq brand's Optical Systems business and the U.S.-based Advanced Electronic Systems business. Teledyne anticipates that the transaction will positively impact both GAAP and non-GAAP earnings per share, excluding transaction costs.
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