Welcome: Guest | Register | Login |

Oceanscience Group

Profile last edited on: 11/26/2018
14020 Stowe Drive
Poway, CA 92064
  (760) 754-2400
  14020 stowe drive poway, ca 92064
  www.oceanscience.com
Business Identifier: Teledyne Acquires Oceanscience October 23, 2014 04:05 PM Eastern Daylight Time THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) announced today that a subsidiary has acquired the business and substantially all of the assets of The Oceanscience Group Ltd. (Oceanscience). Based in Carlsbad, California, Oceanscience designs and manufactures marine sensor platforms and unmanned surface vehicles. Terms of the transaction were not disclosed. After working closely with Teledyne for 16 years, the entire Oceanscience team is excited about the opportunity to continue developing innovative, industry-leading products and to accelerate the companys growth as part of Teledyne. Tweet this Oceanscience is a leader in the development of oceanographic and hydrographic deployment equipment designed to save survey time and improve data quality. Major products include remotely-controlled and tethered instrumentation deployment vehicles used for current measurement, seafloor mapping and analysis of physical parameters such as salinity. 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 Teledynes portfolio of remotely-operated and autonomous marine systems, said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. Specifically, Oceanscience adds unmanned surface vessels to our line of profiling floats, battery-powered autonomous underwater vehicles and market-leading autonomous gliding vehicles. Ron George, President of Oceanscience, said, After working closely with Teledyne for 16 years, the entire Oceanscience team is excited about the opportunity to continue developing innovative, industry-leading products and to accelerate the companys growth as part of Teledyne. Claiborne Advisors, Inc., who represents founder-owners and companies in transactions in Southern California and New Mexico, acted as financial advisor to Oceanscience. Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne Technologies website at www.teledyne.com. Forward-Looking Statements Cautionary Notice This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to a recent acquisition. Actual results could differ materially from these forward-looking statements. Many factors, including the ability of Teledyne to achieve anticipated synergies, as well as market and economic conditions, could change anticipated results. The Bolt Technology transaction is expected to close in November 2014, subject to customary closing conditions. Contacts Teledyne Technologies Incorporated Jason VanWees, 805-373-4542 Teledyne Technologies Incorporated NYSE:TDY [View stock quote and chart] [View SEC Filings] Release Versions English More NewsRSS feed for Teledyne Technologies Incorporated Contacts Teledyne Technologies Incorporated Jason VanWees, 805-373-4542 Log In Sign Up marine sensor platforms and unmanned surface vehicles.
Public Profile:
In October 2014, Oceanscience was acquired by Teledyne Technologies Incorporated (NYSE:TDY),, having worked wit Teledyne for over 16 years, Oceanscience had supplied the oceanographic community with deployment platforms for environmental monitoring instrumentation for more than a decade. Surface buoy mounts and seafloor frames for acoustic Doppler current profilers (ADCPs) are designed to lead the industry in reliability and ruggedness. Clients with custom design projects from large spar buoys to small sensor packages benefit from the extensive ocean engineering experience at Oceanscience.

 Synopsis: Awardee Business Condition
Year Founded First SBIR Year Date of Last Award
Employee Range VC funded? IP Holdings
Revenue Range Private/Public Exchange/Symbol :
 Most Recent SBIR Projects
Year Phase Agency Dollars Project Title
Enhanced Riverine Drifter

Unlock access

To unlock access to all SBIR-STTR company Profiles, a FREE site registration is required. Click here to register or login if you already have an account

Smart Office Options

SBIR firms in the news



Contact information

Innovation Development Institute, LLC

   45 Beach Bluff Avenue, Suite 300
     Swampscott,  MA 01907-1542

  Tel:  (781) 595-2920

  support@inknowvation.com