Teledyne (TDY) announced that it has entered into an agreement to acquire the TransponderTech business from Saab AB. The acquisition includes a portfolio of connected commercial maritime products, including automatic identification system, VHF data exchange system and global navigation satellite system technologies. Based in Sweden, TransponderTech provides safety of life at sea-certified communications and navigation solutions for commercial maritime, military, and airborne applications. The acquired business will become part of Teledyne FLIR’s Maritime group – which includes Raymarine, FLIR Marine, and ChartWorld. The transaction is subject to customary closing conditions and anticipated to be completed in the fourth quarter of 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDY: