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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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