30 May 2012 Teledyne Technologies to acquire LeCroy LeCroy's 65GHz bandwidth oscilloscope Teledyne Technologies has signed a definitive agreement to acquire LeCroy and merge it with a wholly owned subsidiary. The cash deal is said to be worth $291million. "LeCroy will broaden our portfolio of analytical instrumentation businesses by adding a leader in electronic test and measurement solutions," said Dr Robert Mehrabian, chairman, president and ceo of Teledyne. " I am excited about the potential for LeCroy to provide an ideal commercial outlet for our indium phosphide process technology and ultra high frequency mixed signal design capabilities developed at Teledyne Scientific, our R&D laboratories." For its 2011 fiscal year, oscilloscopes, protocol analyzers and signal integrity test solutions supplier LeCroy reportedly had sales of approximately $178.1 million. "This transaction provides a substantial premium for our shareholders and provides exciting opportunities for our customers and employees," said Thomas Reslewic, president, ceo and director of LeCroy. "We believe Teledyne can help us accelerate our high end oscilloscope programs to deliver real-time bandwidth well beyond 100GHz by using Teledyne's leading InP technology." "Furthermore, through a combination of Teledyne's microwave and mixed signal design capabilities with LeCroy's signal processing expertise, as well as our respective market channels, we envision growing our markets and adding new products such as signal generators and multi function instruments," he added. Author Simon Fogg Comment on this article Websites http://www.lecroy.comhttp://www.teledyne.com Companies Teledyne LeCroy This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.