Monday, August 7, 2006
Teledyne Buys CollaborX
Los Angeles-based Teledyne Technologies has made another acquisition, saying today that its subsidiary, Teledyne Brown Engineering, is buying Colorado Springs, Colorado-based CollaborX, Inc. The deal is worth $17.5M. CollaborX is a provider of government engineering services to the U.S. Air Force, and had revenues of $13.6M for its fiscal year ending December 2005. Teledyne said that the acquisition complements its existing government systems engineering business.