TELEDYNE TECHNOLOGIES INC acquires Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq")

TELEDYNE TECHNOLOGIES INC acquired Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq") for approximately $702.8 million in cash, net of cash acquired (subject to certain adjustments), a transaction completed in February 2025, structured as all cash.

Excelitas Optical Systems and Advanced Electronics Systems businesses ("Qioptiq") operates in Aerospace and Defense Electronics, is based in Northern Wales, U.K. (OS business) and the United States (AES business). Teledyne acquired select aerospace and defense electronics businesses of Excelitas Technologies Corp., comprising the Optical Systems (OS) business based in Northern Wales, U.K., and the U.S.-based Advanced Electronics Systems (AES) business, collectively referred to as Qioptiq. The acquisition was funded from available borrowings on Teledyne's credit facility and cash on hand.

Part of the Aerospace and Defense Electronics segment

During the first quarter of 2025, the Company acquired select aerospace and defense electronics businesses of Excelitas Technologies Corp. for approximately $702.8 million in cash, net of cash acquired, and subject to certain adjustments. The acquisition includes the OS business which is based in Northern Wales, UK, as well as the U.S.-based AES business (collectively, Qioptiq).Teledyne FY2025 10-K (filed Feb 20, 2026), Note 3 Business Acquisitions

Advisory firms were not disclosed for this transaction.

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