Teledyne Acquires Micropac Industries
December 30, 2024
Teledyne Technologies Incorporated completed the acquisition of Micropac Industries, Inc. in an all-cash merger, valuing Micropac at approximately $57.3 million. Micropac stockholders received $20.00 per share; Micropac will continue to operate from its Garland, Texas facility as part of Teledyne, expanding Teledyne's capabilities in microelectronic and optoelectronic components for aerospace, defense and medical markets.
- Buyers
- Teledyne Technologies Incorporated
- Targets
- Micropac Industries, Inc.
- Sellers
- Micropac stockholders
- Industry
- Manufacturing
- Location
- Texas, United States
- Transaction Type
- Buyout
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