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Business/Financial

Teledyne Acquires Majority Stake In Small IR Camera Firm

DDN

Monday, March 21st, 2011

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Seeking to bolster its offerings and capabilities in the infrared (IR) camera space, Teledyne Technologies [TDY] on Friday said it has acquired a majority interest in Nova Sensors, which designs integrated circuits, integrated camera electronics, and manufactures mid-wave and short-wave IR camera systems. Terms of the deal were not disclosed. Teledyne's stake is just over 50 percent and the company plans to purchase the rest of Nova Sensors within three years. In the mid-wave IR camera market, Teledyne currently offers…

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