Teledyne Technologies (NYSE: TDY) has bought marine sensor platforms manufacturer Oceanscience Group for an undisclosed amount, a move that CEO Robert Mehrabian said is aimed to grow Teledyne’s marine systems portfolio.
Carlsbad, California-based Oceanscience develops oceanographic and hydrographic deployment equipment that works to measure current, map seafloor and analyze physical parameters, Teledyne said Thursday.
“Through 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 Teledyne’s portfolio of remotely-operated and autonomous marine systems, ” said Mehrabian.
“Specifically, 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 Advisors served as Oceanscience’s financial adviser.