TELEDYNE TECHNOLOGIES INC acquires Xena Networks ApS

TELEDYNE TECHNOLOGIES INC acquired Xena Networks ApS for $24.2 million, structured as Cash, net of cash acquired.

Xena Networks ApS operates in Instrumentation, is based in Denmark. Teledyne acquired Xena Networks ApS and affiliates during the fourth quarter of 2023. Headquartered in Denmark, Xena Networks is a provider of high-speed terabit ethernet validation, quality assurance, and production test solutions.

Expands the test and measurement instrumentation product line within the Instrumentation segment with high-speed ethernet validation tools.

During the fourth quarter of 2023, the Company acquired Xena Networks ApS and affiliates ("Xena Networks") for approximately $24.2 million in cash, net of cash acquired, and subject to certain adjustments.Teledyne Technologies FY2023 Form 10-K, Note 3. Business Acquisitions

Advisory firms were not disclosed for this transaction.

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