Teledyne Technologies (TDY) announced the completion of the acquisition of the TransponderTech business from Saab (SAABF). The newly acquired business Teledyne FLIR TransponderTech AB will join Teledyne’s Raymarine, FLIR Marine, ChartWorld and Teledyne CARIS brands, broadening the group’s maritime technology solutions. Based outside of Linkoping Sweden, the company will market its products and solutions as FLIR TransponderTech. The brand will continue to innovate and deliver leading Automatic Identification System, VHF Data Exchange System, and Global Navigation Satellite System technologies. Going forward, FLIR TransponderTech will be well-positioned to continue to pioneer maritime communication solutions for civil and military customers in shipping, marine traffic, airborne and space segments.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDY:
- Jefferies aerospace/defense analysts hold an analyst/industry conference call
- Teledyne Maintains Steady Risk Outlook: No Material Changes in 2024
- Teledyne Technologies: Promising Future with Strong Order Visibility and Strategic Investment Potential
- Teledyne Shines in Earnings Call Amid Challenges
- Teledyne price target raised to $615 from $585 at Needham