Teledyne Buys Scottish Company Bowtech
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04 February 2015Teledyne Technologies Inc has acquired Bowtech Products Ltd, a maker of harsh underwater environment vision systems, to help expand its marine technologies.
Thousand Oaks-based Teledyne Technologies said it bought Bowtech through a U.K.-based subsidiary. Financial terms of the deal weren't disclosed.
Founded in 1989, Aberdeen, Scotland-based Bowtech is a leading supplier of rugged cameras and LED lighting sources deployed in the most extreme environments within the remotely operated vehicle, defense, oceanographic, nuclear and marine science industries.
"Bowtech fills a product gap in our broad portfolio of marine technologies, adding optical underwater cameras to our wide range of acoustic imaging and sonar solutions," Chairman, President and Chief Executive Robert Mehrabian said in a statement. "Furthermore, as an established provider of subsea cameras, Bowtech can help accelerate the development of new underwater imaging products based on other digital imaging technologies within Teledyne."
Bowtech's managing director, Steve Bowring, said the transaction should allow the company to grow its product portfolio and international sales.
Teledyne Technologies is a provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. The company's operations are primarily in the United States, Canada, the United Kingdom, and Western and Northern Europe.