TELEDYNE TECHNOLOGIES INC acquires Scientific Imaging businesses of Roper Technologies (Princeton Instruments, Photometrics, Lumenera)

TELEDYNE TECHNOLOGIES INC acquired Scientific Imaging businesses of Roper Technologies (Princeton Instruments, Photometrics, Lumenera) for $225 million in cash, a transaction completed in February 2019, structured as all cash.

Scientific Imaging businesses of Roper Technologies (Princeton Instruments, Photometrics, Lumenera) operates in Digital Imaging, is based in United States (Sarasota, Fla. and others) and Canada (Lumenera). Teledyne acquired the Scientific Imaging businesses of Roper Technologies, including Princeton Instruments, Photometrics and Lumenera, among other brands. The businesses provide imaging solutions primarily for life sciences, academic research and customized OEM industrial imaging. Princeton Instruments and Photometrics make cameras, spectrographs and optics for physical and life-sciences research and spectroscopy imaging; Lumenera primarily provides rugged USB-based custom cameras for markets such as traffic management and life sciences.

These Scientific Imaging businesses have similar capabilities and are highly complementary to Teledyne's products and markets; Princeton Instruments and Photometrics extend Teledyne into life-sciences customers and markets, while Teledyne offers Lumenera greater opportunities in the industrial domain.

Complementary scientific imaging brands extending Teledyne into life-sciences, academic research and OEM industrial imaging. Combined into Teledyne's Digital Imaging segment

Advisory firms were not disclosed for this transaction.