Teledyne to acquire Valeport, terms not stated

Teledyne Technologies “announced that it has entered into an agreement to acquire Valeport Holdings Limited and its affiliates. Valeport, founded in 1969 and headquartered in Totnes, United Kingdom, designs and manufactures underwater sensors for environmental, energy, construction and defense applications. Terms of the transactions were not disclosed. Valeport provides complementary underwater sensors including sound velocity probes, current and flow meters, and conductivity, temperature and depth sensors. Valeport also provides multi-parameter profilers which can also measure turbidity or cloudiness, or include fluorometer sensors to detect chlorophyll levels.”