About This Deal

TELEDYNE TECHNOLOGIES INC acquired VariSystems Inc., a transaction completed in February 2012, structured as Acquisition; operates as Teledyne VariSystems..

VariSystems Inc. operates in Instrumentation, is based in Calgary, Alberta, Canada. Teledyne acquired VariSystems Inc., a Calgary, Alberta supplier of custom harsh-environment interconnects. VariSystems provides over-molded interconnects and cable assemblies for land-based energy, mining and natural-resources customers, and reported sales of CAD $27.5 million for its fiscal year ended May 31, 2011. The business operates as Teledyne VariSystems.

Expands Teledyne's rugged connector portfolio for energy exploration and production, adding land-based energy market access (hydraulic fracturing and oil sands) and international presence.

Deal Terms

Acquirer
TELEDYNE TECHNOLOGIES INC
Target
VariSystems Inc.
Value
Not disclosed
Date
February 2012
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Calgary, Alberta, Canada
Segment
Instrumentation
Structure
Acquisition; operates as Teledyne VariSystems.
Closed
February 27, 2012

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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