Teledyne Technologies (NYSE: TDY) has boughtÂ marine sensor platforms manufacturerÂ Oceanscience Group for an undisclosed amount, a move that CEOÂ Robert Mehrabian said is aimedÂ to growÂ Teledyne’s marine systems portfolio.
Carlsbad, California-based Oceanscience developsÂ oceanographic and hydrographic deployment equipment that works to measure current, map seafloor and analyzeÂ physical parameters, Â Teledyne said Thursday.
âThrough the acquisition of Oceanscience, as well as the recent investment in Ocean Aero and the pending acquisition of Bolt Technology and its Seabotix division, we will have significantly broadened Teledyneâs portfolio of remotely-operated and autonomous marine systems, â said Mehrabian.
âSpecifically, Oceanscience adds unmanned surface vessels to our line of profiling floats, battery-powered autonomous underwater vehicles and market-leading autonomous gliding vehicles, ” he added.
Claiborne AdvisorsÂ servedÂ as Oceanscience’s financial adviser.