About This Deal

TELEDYNE TECHNOLOGIES INC acquired CARIS (Teledyne CARIS), a transaction completed in May 2016, structured as Acquisition of the CARIS business and its international affiliates; operates as Teledyne CARIS, Inc..

CARIS (Teledyne CARIS) operates in Instrumentation, is based in Fredericton, New Brunswick, Canada. Teledyne completed the acquisition of the CARIS business and its international affiliates. Headquartered in Fredericton, New Brunswick, Canada and founded in 1979, CARIS is the leading developer of geospatial software for the hydrographic and marine community, offering solutions for bathymetry, seafloor imagery and water-column data processing plus navigational chart production and management. The business operates as Teledyne CARIS, Inc.

Approximately 90% of the world's hydrographic offices use CARIS software; the deal adds an industry-leading marine geospatial software suite to Teledyne's marine instrumentation portfolio.

Deal Terms

Acquirer
TELEDYNE TECHNOLOGIES INC
Target
CARIS (Teledyne CARIS)
Value
Not disclosed
Date
May 2016
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Fredericton, New Brunswick, Canada
Segment
Instrumentation
Structure
Acquisition of the CARIS business and its international affiliates; operates as Teledyne CARIS, Inc.
Closed
May 4, 2016

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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