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.
The future of custom ASICs
February 26, 2015
With the prevailing view that Moore's Law is slowing Donnacha ORiordan, director of services strategy for S3 Group, gives ...
Save me from the overbearing analytics of IoT
5 trends to watch at Mobile World Congress
Infineon: CAN FD success goes at the expense of FlexRay
Who will partner LG to stimulate OLED TV sector?
Printed NFC tags detect opened goods
February 25, 2015
Thin Film Electronics ASA, a long-time pioneer of organic electronics, has announced a near-field communications (NFC) passive ...
Geo selects S3 DAC IP for video processor
Nanoscale defect detection focuses on lowering solar panel costs
Flexible organic circuit makes fever alarm
- Software-Defined Radio Handbook
- A Four-Quadrant DC/DC Switching Regulator Smoothly Transitions from Positive to Negative Output Voltages for FPGA and Other Applications
- LED Driver with Integrated Spread Spectrum Reduces EMI without Adding Flicker
- Accelerate SDN and NFV with Off-the-Shelf Software
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
To ensure you have a good start in 2015, Freescale is giving away five of its QorIQ TWR-LS1021A Tower system modules, worth USD269 each, for EETimes Europe's readers to win.
The module is the most feature-rich and high-performance Tower system offered by Freescale, enabling compatibility and interoperability with the growing list of Tower expansion modules, offering an easily accessible...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.