Teledyne Technologies to Acquire ETM-Electromatic

ETL Systems Acquires IRT Technologies

February 14, 2025

Telecommunications

ETL Systems has acquired Canadian satellite-communications manufacturer IRT Technologies to broaden its RF amplifier and uplink/downlink product portfolio. The acquisition preserves IRT’s Canadian facility and is intended to strengthen ETL’s technical capabilities and North American go-to-market presence for broadcasting, telecom and defence customers.

Gentherm Acquires Etratech Enterprises

November 8, 2017

Manufacturing

Gentherm Incorporated acquired Etratech Enterprises, Inc., a Burlington, Ontario–based designer and manufacturer of advanced electronic controls and systems, from Etratech shareholders (including minority investor The Shotgun Fund). Etratech, which employs more than 400 people and had estimated revenues of CAD 77 million (about US$61 million) trailing-12-months, was purchased for US$64 million (~8.5x trailing EBITDA).

Teledyne Acquires Select Aerospace and Defense Electronics Businesses from Excelitas

February 3, 2025

Aerospace & Defense

Teledyne Technologies agreed to acquire select aerospace and defense electronics businesses from Excelitas Technologies for approximately $710 million in cash. The deal includes Excelitas’ Optical Systems (Qioptiq) business in Northern Wales, UK and its U.S.-based Advanced Electronic Systems (AES) business, which will be integrated into Teledyne’s Aerospace and Defense Electronics segment.

Thermex-Thermatron Systems Acquires JTE Machines

January 19, 2021

Manufacturing

Thermex-Thermatron Systems has acquired Jacksonville, Florida-based JTE Machines to strengthen its position in radio frequency (RF) and microwave (MW) industrial equipment. The acquisition brings JTE's engineering, automation and sealing-machine capabilities and several members of the JTE team (including founders Jens and Traci Evling) into Thermex to expand product and service offerings across fabric, belting and medical-product markets.

Teledyne Technologies to Acquire Adimec Holding B.V.

February 13, 2024

Aerospace & Defense

Teledyne Technologies announced it has agreed to acquire Adimec Holding B.V. and its subsidiaries. Adimec, headquartered in Eindhoven, Netherlands, develops customized high-performance industrial and scientific cameras for demanding applications where image quality is critical.

Quantic Electronics Acquires X-Microwave

August 30, 2021

Manufacturing

Quantic Electronics, a portfolio company of Arcline Investment Management, has acquired X-Microwave, a developer of modular RF and microwave building blocks used for rapid prototyping and production of RF/MW systems. The acquisition augments Quantic’s RF/Microwave technology portfolio and is intended to accelerate product development and expand capabilities across aerospace, defense, wireless infrastructure and advanced research end markets.