Teledyne Acquires Frontline Test Equipment
THOUSAND OAKS, Calif. – April 7, 2016 – Teledyne Technologies Incorporated (NYSE:TDY) ("Teledyne") announced today that Teledyne LeCroy, Inc. has acquired Frontline Test Equipment, Inc. ("Frontline"). Frontline, headquartered in Charlottesville, Virginia, provides electronic test & measurement instrumentation and is a market leader in wireless protocol analysis test tools. Terms of the transaction were not disclosed.
Protocol analyzers are used by engineers to troubleshoot data communication systems and test device interoperability, compliance and interference. Frontline's protocol tools intercept, log traffic and analyze data that passes over digital wireless networks. The company's analyzers span a wide range of technologies, including Bluetooth®, 802.11 (Wi-Fi), and near field communication (NFC), and are used by hundreds of companies globally in the consumer electronics, semiconductor, telecommunications and automotive industries.
"Teledyne LeCroy is already a market leader in protocol test tools for well-known serial data standards like USB, PCI Express and SATA," said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. "The Frontline acquisition now expands our protocol test portfolio into important wireless technologies like Bluetooth and Wi-Fi."
About Teledyne Technologies
Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne Technologies' website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to a recent acquisition. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of Teledyne and Frontline to achieve anticipated synergies, as well as market and economic conditions beyond either company's control, could change anticipated results.