Teledyne Acquires Assets of ATLAS HYDROGRAPHIC GmbH

Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne RESON GmbH, has acquired assets of ATLAS HYDROGRAPHIC GmbH. Based in Bremen, Germany, ATLAS HYDROGRAPHIC GmbH designs, manufactures, and integrates marine sonar systems for mid and deep water applications. Terms of the transaction were not disclosed.

ATLAS HYDROGRAPHIC GmbH specializes in high-performance, customized, complete hydrographic survey systems for civil applications. ATLAS HYDROGRAPHIC GmbH’s products include advanced multi-beam echo sounders and sub-bottom profilers suitable for marine imaging to extreme depths of the greatest ocean trenches, as well as beneath the ocean floor.

“This acquisition further strengthens our marine acoustic imaging business, and significantly enhances our deep water sonar capabilities,” said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. “Specifically, ATLAS HYDROGRAPHIC GmbH brings unique technology, including high-power, multi-ping acoustic transmitters and leading deep water sub-bottom profilers for ocean survey and marine science applications.”

Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.

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