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.
Failed merger talks won't stop Dialog
July 23, 2014
AMS, formerly known as Austriamicrosystems, and Dialog Semiconductor couldn't agree the terms of a merger, which feels like ...
XCore architecture attracts Bosch investment
Steep growth for thermoelectric energy harvesting, says Infinergia Consulting
AMS, Dialog merger talks fail
MIT wrist-robot adds extra fingers
Li-ion batteries market for EVs to quadruple in a decade
July 22, 2014
Worldwide revenues from Li-ion batteries for all consumer EVs will grow from $5.7 billion in 2014 to $24.1 billion in 2023, ...
Monolithic Power Systems signs with Avnet Memec
Thoughts on energy harvesting for wearable equipment
Will laser ignition replace the venerable spark plug?
- Testing GPS with a Simulator
- DSM presents: Select the best plastic for DDR4
- Dual 13A μModule Regulator with Digital Interface for Remote Monitoring & Control of Power
- Exploring the Business Model Evolution of High-Tech Equipment Manufacturers
InterviewCEO interview: China, not Apple, is way to go, says mCube CEO
Ben Lee, CEO of MEMS startup mCube, explains why he wants to spend $37 million on being a supplier of sensors to Chinese ODMs and avoiding a design win with Apple or Samsung.
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, Altium Ltd is offering EETimes Europe's readers the chance to win one TASKING VX-Toolset for ARM Cortex-M Premium Edition, normally licensed for 2.395 Euros, for ultra-rapid prototyping and code development around ARM Cortex-M based microcontrollers.
The VX-toolset for ARM is the first TASKING compiler suite to receive the Software Platform technology, which is seamlessly...Read more
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.