Geo Week News

April 1, 2011

Teledyne makes investment in Optech

Optech MS office

TORONTO — Optech Incorporated, a manufacturer of advanced lidar and camera survey instruments, announced April 1 that Teledyne DALSA, Inc., a subsidiary of the publicly traded Teledyne Technologies Incorporated, has acquired a minority interest in the parent company of Optech Incorporated. Teledyne Technologies is a provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems, according to the press release. Teledyne DALSA is located in Waterloo, Ontario, near Optech’s headquarters.

Terms of the investment were not released. Teledyne does not appear to have filed anything with the SEC regarding the investment.

“We are pleased to have Teledyne as a strategic investor in the company,” said Optech CEO Don Carswell, in a prepared statement. “Ranging from Teledyne DALSA’s CCD sensors that we currently use to Teledyne’s presence in the imaging, environmental and marine markets, we see Teledyne contributing to Optech’s growth and profitability.”

“Optech’s three dimensional lidar-based imaging systems are complementary to Teledyne’s growing line of X-ray, UV, visible and infrared sensors, cameras and software,” said Robert Mehrabian, chairman, president and chief executive officer of Teledyne, in a statement. “In addition, we were attracted to Optech’s presence in the environmental, energy and marine domains, where Optech’s lidar systems are used for flood plain and coastal zone mapping, servicing power and gas lines, and land and harbor infrastructure planning.”

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