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Teledyne Technologies Buys LeCroy

socalTECH

Thousand Oaks-based Teledyne Technologies announced this morning that it is acquiring New York-based instrumentation and measurement firm LeCroy , in a deal worth $291M. The two said that LeCroy had sales of approximately $178.1M According to the two, Teledyne will pay $14.30 per share in cash for LeCroy. READ MORE>>.

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Teledyne Cuts Outlook On Sales Slowdown In Energy Markets

socalTECH

Thousand Oaks-based Teledyne Technologies said this morning that it is cutting its outlook for the third quarter and full year, due to decline in sales in energy-related products. The company also blamed a strong U.S. dollar and "challenging" capital spending environment impacting its results.

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Teledyne Technologies Lops Employees, To Close Facilities

socalTECH

Thousand Oaks-based Teledyne Technologies , an aerospace and electronics firm, announced Wednesday that the firm has cut six percent of its North American workforce, eliminated salary increases, cut employee stock option awards, and will also close or relocate five of its operating sites, as it looks to cut expenses.

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Teledyne Acquires Interconnect Firm VariSystems

socalTECH

Thousand Oaks-based Teledyne Technologies said this morning that it has acquired VariSystems , a Canadian supplier of custom harsh environment interconnects, used in the oil and gas industry. VariSystems is headquartered in Calgary, Alberta, and had sales of CAD $27.5M Financial terms of the deal were not disclosed.

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Teledyne Sells Piston Engine Business

socalTECH

Thousand Oaks-based Teledyne Technologies said Tuesday evening that it has completed the sale of its piston engine business, Teledyne Continental Motors, Inc. in a stock sale to Technify Motor , a subsidiary of AVIC International Holding Corporation. and Teledyne Mattituck Services, Inc. , The deal was worth $186M.

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Teledyne Acquires PDM Neptec, Completes LeCroy Buy

socalTECH

Thousand Oaks-based Teledyne Technologies , the diversified electronics, instrumentation, and aerospace products firm, said Friday that it has acquired PDM Neptec , a provider of underwater cables, fiber optic and electrical subsea connectors. LeCroy had sales of approximately $178.1M READ MORE>>.

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Xirrus In Channel Expansion Effort

socalTECH

Thousand Oaks-based Xirrus , the developer of Wi-Fi access arrays, looks to be a big channel expansion push, saying Thursday that it has expanded its partnership program in Europe, for the enterprise, as well as for schools and universities. Concurrently, the firm said it launched a new enterprise partner program in the U.S.,