Teledyne acquires LeCroy
May 31, 2012 // Anne-Françoise PELE
U.S. military and aerospace specialist Teledyne Electronic Technologies Inc., announced it has acquired Lecroy Corp., to expand its portfolio of analytical instrumentation solutions.
Teledyne said it will acquire of the outstanding common shares of LeCroy for $14.30 per share payable in cash. The aggregate value for the transaction is roughly $291 million, taking into account LeCroy's stock options, stock appreciation rights and net debt as of March 31, 2012.
Both companies' boards unanimously approved the buyout.
In a statement, Dr. Robert Mehrabian, chairman, president and CEO of Teledyne outlined LeCroy's strength in the market for high-performance oscilloscopes. He declared: “I am excited about the potential for LeCroy to provide an ideal commercial outlet for our unique Indium Phosphide (InP) process technology and ultra high frequency mixed signal design capabilities developed at Teledyne Scientific Company, our R&D laboratories."
LeCroy said it expects the transaction will help accelerate its high-end oscilloscope programs to deliver real-time bandwidth well beyond 100 GHz by utilizing Teledyne's leading InP technology. Also, through a combination of Teledyne's microwave and mixed signal design capabilities with LeCroy's signal processing expertise, the company said it expects to grow its markets and add new products such as signal generators and multi-function instruments.
Founded in 1964 and headquartered in Chestnut Ridge, N.Y., LeCroy is a provider of oscilloscopes, protocol analyzers and signal integrity test solutions aimed at semiconductor, computer, consumer electronics, military/aerospace, automotive/industrial and telecommunications industries.
LeCroy employs approximately 500 people worldwide and generated sales of about $178.1 million for its fiscal year ended July 2, 2011.
USD 10,000 worth of components offered in Digi-Key/Silicon Labs IoT contest
March 26, 2015
Winners in an Internet-of-Things-themed design contest will receive $10,000 in semiconductor components to help bring their ...
Richard Feynman and homomorphic filtering
Giant spider-bot needs your inspiration
Smart cities will see it all
ST drops in 2014 MEMS ranking, says IHS
Samsung SDI forges microgrid systems alliance with ABB
March 26, 2015
World leading manufacturer of lithium-ion batteries, Samsung SDI, has signed a memorandum of understanding with power and ...
Try out CVD graphene on substrates up to 100x200mm
Thin and flexible Bluetooth LE beacons operate battery-free
Printable electroluminescent sheets in large-format
- Intelligent Over Temperature Protection for LED Lighting Applications
- Intel helps to Turbocharge Infotainment Systems Designs
- High Performance Portable DC Bench Power Supply: Save Money and Free Up Bench Real Estate by Building Your Own
- Software-Defined Radio Handbook
InterviewInfineon: CAN FD success goes at the expense of FlexRay
The faster version of the venerable CAN bus, CAN FD is currently taking off at several carmakers. Infineon's Thomas Böhm, Head of Body / Automotive, believes this could well go at the expense of FlexRay. ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Freescale is giving away 5 RIoTboards, worth 74 dollars each, for EETimes Europe's readers to win.
Designed to run Android operating systems efficiently or to run under Linux, the board is based on the Freescale i.MX 6Solo processor; using the ARM Cortex-A9 architecture.
The RIoTboard platform also includes a rich set of peripherals including a 10M/100M/Gb Ethernet port, 1...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.