TELEDYNE TECHNOLOGIES INC acquired DALSA Corporation for approximately CAD $341 million at announcement (CAD $18.25 per share; ~CAD $337 million at close, including stock options and net cash), a transaction completed in February 2011, structured as all cash.
DALSA Corporation operates in Digital Imaging, is based in Headquartered in Waterloo, Ontario, Canada; approximately 1,000 employees worldwide. DALSA Corporation, headquartered in Waterloo, Ontario, Canada, is an international leader in high-performance digital imaging and microelectromechanical systems (MEMS) with approximately 1,000 employees worldwide. Established in 1980, DALSA designs, develops, manufactures and markets digital imaging products including high-resolution CCD and CMOS imaging sensors, electronic digital cameras and image-processing software for industrial machine vision, advanced medical imaging and high-resolution aerial and satellite imagery, plus custom MEMS products.
High-performance digital imaging (CCD/CMOS sensors, cameras, software) and MEMS capabilities for machine vision, medical and aerial/satellite imaging. Combined into Teledyne's digital imaging operations
Teledyne Technologies Incorporated (NYSE: TDY) and DALSA Corporation (TSX: DSA) jointly announced today that they have entered into a definitive agreement that provides for the acquisition of DALSA Corporation by a wholly-owned subsidiary of Teledyne. Pursuant to the transaction, Teledyne will acquire all of the outstanding common shares of DALSA for CAD $18.25 per share payable in cash.Teledyne / DALSA joint press release, December 22, 2010
Advisory firms were not disclosed for this transaction.