Teledyne completes $789 million takeover of Britain’s e2v
WASHINGTON — Fresh off of winning a $10 million contract to supply infrared detectors for Europe’s Jupiter-bound Juice spacecraft, Teledyne Technologies has absorbed a British firm that builds space cameras.
Thousand Oaks, California-based Teledyne announced March 28 the completion of its $789 million acquisition of e2v, a Chelmsford, U.K. company that builds space-qualified imagers and arrays, semiconductors, and other products. Cameras on the European Space Agency’s Rosetta comet mission, the Peruvian government’s PerúSAT-1 and NASA’s Juno mission to Jupiter were build by e2v.
Outside of space, e2v supplies imaging sensors and custom camera solutions for the machine vision market, and RF components and subsystems for healthcare, industrial and defense applications. The company reported $295 million in sales for the year ended March 31, 2016.
“Every business within e2v is highly complementary to Teledyne and will contribute to our balanced portfolio of highly engineered products,” said Teledyne chief executive Robert Mehrabian. “From industrial machine vision to space-based imaging, microwave devices spanning radar to radiotherapy, and specialty semiconductors through micro electro-mechanical systems, our respective capabilities and engineering-centric cultures are truly a great fit.”
The acquisition gives Teledyne Technologies a stronger presence in the U.K., where it was already present, and greater reach into Europe.
Its Teledyne Defence business, based in the U.K., is supplying repeater equipment for OneWeb’s first 900 satellites, which are being built by the Airbus and OneWeb joint venture OneWeb Satellites.
Teledyne Scientific & Imaging, also in Thousand Oaks, California, received the contract March 20 from the French space agency CNES worth $9.98 million to supply infrared detectors and electronics for the ESA’s Jupiter Icy Moons Explorer, or Juice, mission.