Survey: Teledyne acquires Odom Hydrographic Systems
Posted on 15.01.2009 - 12:00 EST in ACQUISITION/MERGER NEWS by Rons_ROV_Links
Teledyne Technologies Incorporated announced today that its subsidiary, Teledyne RD Instruments, Inc. ("Teledyne RDI"), has acquired Odom Hydrographic Systems, Inc. ("Odom"). Odom, headquartered in Baton Rouge, La., designs and manufactures hydrographic survey instrumentation used in port survey, dredging, offshore energy and other applications. Terms of the transaction were not disclosed.
"Odom's single and multibeam echo sounders nicely complement the existing instrumentation products within our Teledyne Marine group of companies," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. "For example, through the combination of Odom's echo sounders with Teledyne RDI's Doppler velocity logs, Teledyne Benthos' side scan sonar systems and Teledyne TSS' inertial sensing systems, Teledyne will provide an extensive line of precision products for marine navigation, detection, sonar imaging and bathymetric survey."
Odom had sales of approximately $10.9 million for its fiscal year ended September 30, 2008. The acquired business will operate under the name Teledyne Odom Hydrographic Systems, Inc.