Teledyne Will Acquire Geospatial Software Developer Caris
THOUSAND OAKS, Calif., April 14, 2016 — Teledyne Technologies Inc. has announced its plan to acquire Caris of Fredericton, New Brunswick, Canada, a developer of geospatial software designed for the hydrographic and marine community, as a wholly owned subsidiary.
Financial terms of the transaction were not disclosed. Closing is subject to customary conditions and anticipated to occur in the second quarter of 2016.
Founded in 1979, Caris was an early developer of software for processing and visualizing sonar data, as well as for producing, managing and distributing marine geospatial information. Today it offers software for bathymetry, seafloor imagery and water column data processing, capable of handling multiple types of sonar and lidar sensors simultaneously.
While it will complement Teledyne’s marine instrumentation companies and Teledyne PDS, Caris will become part of Teledyne’s Digital Imaging segment, and will maintain and expand its advanced software products and support for a range of sensor platforms, data formats and acquisition software.
Teledyne Technologies provides instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Its operations are primarily located in the U.S., Canada, U.K., and Western and Northern Europe.