Teledyne completes acquisition of Webb Research
Posted on 18.07.2008 - 13:00 EDT in GENERAL NEWS by Rons_ROV_Links
Teledyne Technologies Incorporated announced today that its subsidiary, Teledyne Instruments, Inc., has completed the acquisition of assets of Webb Research Corp. Webb Research, located in E. Falmouth, Mass., is the world's leading manufacturer of autonomous underwater gliding vehicles, as well as autonomous profiling drifters and floats. Terms of the transaction were not disclosed.
Webb Research adds autonomous underwater vehicle systems to Teledyne Marine's portfolio of marine electronic subsystems, including acoustic modems, acoustic and inertial navigation systems, acoustic Doppler current profilers and subsea electrical and optical interconnect solutions. Webb Research's gliders are autonomous underwater vehicles (AUVs) that use changes in buoyancy in conjunction with wings and tail steering to convert vertical motion to horizontal, and thereby propel the system on a programmed route with very low power consumption. Applications of gliders range from oceanographic research programs to military persistent surveillance systems and mobile nodes for subsea communication networks.
Webb Research had sales of $12.2 million for its fiscal year ended December 31, 2007. After the closing, the acquired business will operate under the name Teledyne Webb Research.