TELEDYNE TECHNOLOGIES INC acquires Noiseless Acoustics Oy (NL Acoustics)

TELEDYNE TECHNOLOGIES INC acquired Noiseless Acoustics Oy (NL Acoustics) for $11.9 million, structured as Cash for an approximate 80% majority interest, net of cash acquired.

Noiseless Acoustics Oy (NL Acoustics) operates in Digital Imaging, is based in Helsinki, Finland. Teledyne acquired an approximate 80% majority interest in Noiseless Acoustics Oy during the third quarter of 2022. Located in Helsinki, Finland, NL Acoustics designs and manufactures acoustic imaging instruments and predictive maintenance solutions.

Adds acoustic imaging and predictive maintenance technology to the Digital Imaging segment.

During the third quarter of 2022, the Company acquired an approximate 80% majority interest in Noiseless Acoustics Oy ("NL Acoustics"), paying $11.9 million in cash, net of cash acquired, during the year, with an immaterial amount payable in 2023.Teledyne Technologies FY2022 Form 10-K, Note 3. Business Acquisitions

Advisory firms were not disclosed for this transaction.

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