Monday, December 22, 2008
Teledyne Buys Instrumentation Firm
Thousand Oaks-based Teledyne Technologies said today that it has acquired Odom Hydrographic Systems, a Louisiana-based firm developing hydrographic survey instrumentation. Financial terms of the deal were not disclosed. Teledyne said that Baton Rouge-based Odom has designs and manufactures equipment for port survey, dredging, offshore energy and other applications. Odom had sales of roughly $10.9M for its fiscal year ended September 30, 2008. Odom Hydrographic will become Teledyne Odom Hydrographic Systems, Inc.