Teledyne Completes Acquisition of Scientific Systems
THOUSAND OAKS, Calif. - July 20, 2017 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Instruments, Inc., has completed the acquisition of assets of Scientific Systems, Inc. (SSI). Headquartered in State College, Pa., SSI manufactures precision components and specialized subassemblies used primarily in analytical and diagnostic instrumentation, such as High Performance Liquid Chromatography (HPLC) systems and specific medical devices. Terms of the transaction were not disclosed.
SSI is a world leader in the design and manufacture of high pressure positive-displacement piston pumps for a wide variety of analytical, clinical, sample prep and fluid-metering applications. SSI pumps can deliver very precise flow rates as low as 1 µl per minute and achieve pressures up to 25,000 psi. The company's customers include leading OEM instrumentation suppliers in the fields of HPLC, flash chromatography, clinical diagnostics, protein analysis and purification, and other industries requiring precise fluid flow at high pressures.
About Teledyne Technologies
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. For more information, visit Teledyne Technologies' website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to an acquisition. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of Teledyne and Scientific Systems to achieve anticipated synergies, as well as market and economic conditions beyond either company's control, could change anticipated results.