Teledyne Technologies Inc. (TDY) announced that its subsidiary, Teledyne Instruments, Inc., has completed the acquisition of assets of Webb Research Corp. Terms of the transaction were not disclosed.
Webb Research, had sales of $12.2 million for its fiscal year ended December 31, 2007, is a manufacturer of autonomous underwater gliding vehicles, as well as autonomous profiling drifters and floats.
Webb Research adds autonomous underwater vehicle systems to Teledyne Marine's portfolio of marine electronic subsystems.
After the closing, the acquired business will operate under the name Teledyne Webb Research.
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