Monday, February 27, 2012
Teledyne Acquires Interconnect Firm VariSystems
Thousand Oaks-based Teledyne Technologies said this morning that it has acquired VariSystems, a Canadian supplier of custom harsh environment interconnects, used in the oil and gas industry. Financial terms of the deal were not disclosed. VariSystems is headquartered in Calgary, Alberta, and had sales of CAD $27.5M in its fiscal year ended May 31, 2011. Teledyne said the acquired company becomes Teledyne VariSystems. VariSystem's interconnects and cable assemblies are used in the energy, mining, and other natural resources industries.