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THOUSAND OAKS, Calif. - Teledyne Technologies Incorporated (NYSE:TDY) has completed the acquisition of the TransponderTech business from Saab AB, the company announced Friday in a press release statement. The acquisition adds to Teledyne’s portfolio, which has helped the company achieve a market capitalization of $24.3 billion and deliver a 13.7% total return over the past year.
The newly acquired business, renamed Teledyne FLIR TransponderTech AB, will market its products as FLIR TransponderTech and join Teledyne’s maritime technology portfolio that includes Raymarine, FLIR Marine, ChartWorld and Teledyne CARIS brands.
Based near Linköping, Sweden, FLIR TransponderTech will continue to provide Automatic Identification System (AIS), VHF Data Exchange System (VDES), and Global Navigation Satellite System (GNSS) technologies for civil and military customers in shipping, marine traffic, airborne and space segments.
"We are delighted to welcome the TransponderTech team to the Teledyne family," said George Bobb, President and Chief Executive Officer of Teledyne. "From complete autonomous underwater vehicles to products and services for large Safety of Life at Sea (SOLAS) class vessels, maritime instrumentation and software for imaging, navigation, and safety are core markets for Teledyne."
Bobb noted that FLIR TransponderTech’s communications and navigation solutions complement and expand FLIR Marine’s existing portfolio of industrial, military, and airborne technologies.
Teledyne Technologies is a provider of digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. The company’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.
Financial terms of the acquisition were not disclosed in the announcement.
In other recent news, Teledyne Technologies reported its third-quarter earnings for 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $5.57, compared to a forecast of $5.47, and revenue of $1.54 billion, exceeding the projected $1.53 billion. Despite these positive results, the company noted a slight decline in organic growth and margins compared to the previous quarter. Stifel raised its price target for Teledyne to $645 from $626, maintaining a Buy rating. Needham also increased its price target to $615 from $585, citing strong third-quarter results with a sales growth of 6.7% year-over-year, surpassing expectations. TD Cowen reiterated its Buy rating and maintained a price target of $600, noting that the company’s adjusted EPS exceeded their forecast by 11 cents. These developments reflect continued confidence among analysts in Teledyne’s performance despite recent stock price fluctuations.
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