TELEDYNE TECHNOLOGIES INC acquired Scientific Systems, Inc. (SSI) for $31.0 million, a transaction completed in July 2017, structured as Cash (initial payment; plus a $0.3 million purchase price adjustment in 2017).
Scientific Systems, Inc. (SSI) operates in Instrumentation. On July 20, 2017, a subsidiary of Teledyne acquired the assets of Scientific Systems, Inc. Headquartered in State College, Pennsylvania, SSI manufactures precision components and specialized subassemblies used primarily in analytical and diagnostic instrumentation, such as high performance liquid chromatography systems and specific medical devices.
Expands environmental and laboratory instrumentation capabilities within the Instrumentation segment.
On July 20, 2017, a subsidiary of Teledyne acquired assets of Scientific Systems, Inc. ("SSI") for an initial cash payment of $31.0 million. A subsequent cash payment of $0.3 million related to a purchase price adjustment was made in 2017.Teledyne Technologies FY2019 Form 10-K, Note 3. Business Acquisitions
Advisory firms were not disclosed for this transaction.