Toronto, Canada, April 3, 2012 Optech Incorporated, the worlds leading manufacturer of advanced lidar and camera survey instruments, is pleased to announce that Teledyne DALSA, Inc., a subsidiary of Teledyne Technologies Incorporated (NYSE:TDY), has acquired a majority interest in the parent company of Optech Incorporated. Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne DALSA is located in Waterloo, Ontario, near Optech headquarters.
We are excited that Teledyne increased its ownership stake in Optech, said Don Carswell, CEO of Optech. The investment demonstrates Teledynes commitment to further growth at Optech, as well as our companys technology, clients and markets. We will continue to offer our clients the latest in imaging technology survey solutions, and Optech products will be enhanced by having a closer relationship with the Teledyne companies who work in complementary areas.
Optechs lidar systems, which produce detailed three-dimensional images, add a new level of capability to Teledynes portfolio of visible, infrared, X-ray and ultraviolet sensors, cameras and software, said Robert Mehrabian, chairman, president and chief executive officer of Teledyne. In addition, Optechs bathymetric lidar systems used for coastal zone mapping and shallow water profiling are highly complementary with our marine survey sensors and systems.
Founded by Dr. Allan Carswell in 1974, Optech benefits from close relationships with clients in energy, natural resources, infrastructure and government mapping, security and defense. Optech is the world leader in the development, manufacture and support of advanced lidar and imaging-based survey instruments. With operations worldwide and more than 285 employees, Optech offers both standalone and fully integrated lidar and camera solutions in airborne terrestrial mapping, airborne laser bathymetry, mobile mapping, terrestrial laser scanning, mine cavity monitoring, and industrial process control, as well as space-proven sensors for orbital operations and planetary exploration.
About Teledyne Technologies
Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies operations are primarily located in the United States, Canada, the United Kingdom and Mexico. For more information, visit Teledyne Technologies website at www.teledyne.com