Teledyne Completes Acquisition of e2v

first_imgTeledyne Technologies and e2v Technologies (e2v) jointly announced the successful completion of the previously announced acquisition by Teledyne of e2v by means of a Scheme of Arrangement and a net transaction value of approximately $789 million.For the machine vision market, e2v provides high performance image sensors and custom camera solutions and application specific standard products. In addition, e2v provides high performance space qualified imaging sensors and arrays for space science and astronomy. It produces components and subsystems that deliver high reliability RF power generation for healthcare, industrial and defense applications and also high reliability semiconductors and board-level solutions for use in aerospace, space and communications applications.The aggregate value for the transaction, excluding transaction costs, was approximately £ 627 million (or approximately $ 789 million) taking into account e2v stock options and net debt as of September 2016. For the year ended March 31, 2016, e2v had sales of approximately £ 236 million. Excluding transaction-related expenses, Teledyne management expects the transaction to be accretive to earnings per share.Bank of America, N.A and Merrill Lynch, Pierce, Fenner & Smith Incorporated participated in financing the activities related to the transaction.last_img read more