Teledyne acquires LeCroy to push 100 GHz scopes based on Indium Phosphide (InP) technology

Teledyne acquires LeCroy to push 100 GHz scopes based on Indium Phosphide (InP) technology

Business news |
By eeNews Europe

Teledyne said it will acquire of the outstanding common shares of LeCroy for $14.30 per share payable in cash. The aggregate value for the transaction is roughly $291 million, taking into account LeCroy’s stock options, stock appreciation rights and net debt as of March 31, 2012.

Both companies’ boards unanimously approved the buyout.

In a statement, Dr. Robert Mehrabian, chairman, president and CEO of Teledyne outlined LeCroy’s strength in the market for high-performance oscilloscopes. He declared: “I am excited about the potential for LeCroy to provide an ideal commercial outlet for our unique Indium Phosphide (InP) process technology and ultra high frequency mixed signal design capabilities developed at Teledyne Scientific Company, our R&D laboratories."

LeCroy said it expects the transaction will help accelerate its high-end oscilloscope programs to deliver real-time bandwidth well beyond 100 GHz by utilizing Teledyne’s leading InP technology. Also, through a combination of Teledyne’s microwave and mixed signal design capabilities with LeCroy’s signal processing expertise, the company said it expects to grow its markets and add new products such as signal generators and multi-function instruments.

Founded in 1964 and headquartered in Chestnut Ridge, N.Y., LeCroy is a provider of oscilloscopes, protocol analyzers and signal integrity test solutions aimed at semiconductor, computer, consumer electronics, military/aerospace, automotive/industrial and telecommunications industries.

LeCroy employs approximately 500 people worldwide and generated sales of about $178.1 million for its fiscal year ended July 2, 2011.

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles