Wednesday, November 19, 2014
Teledyne Completes Bolt Technology Acquisition
Thousand Oaks-based Teledyne Technologies said Tuesday afternoon that it has complted its acquisition of Bolt Technology Corporation. The deal was worth approximately $171M, or $22.00 per share in cash. Bolt is a supplier of marine seismic energy sources and replacement parts for offshore energy exploration, and also makes underwater cables and connectors, along with developing underwater remotely operated vehicles (Mini ROVs).