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Lidar Firm Rechristened Teledyne Optech after Acquisition

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THOUSAND OAKS, Calif., April 30, 2015 — Teledyne Technologies Inc. has taken full ownership of Optech Inc., a Canadian manufacturer of laser-based survey and digital imaging instrumentation. Terms of the transaction, which was carried out through Teledyne subsidiary Teledyne Dalsa Inc. of Waterloo, Ontario, were not disclosed. Teledyne had held a majority stake in Optech for the last three years. The acquisition will not result in any significant operational changes other than a new name, Teledyne Optech. "We have now been operating as Teledyne for three years, with only this name change outstanding," said Optech...Read full article

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