Teledyne Technologies Inc. has agreed to sell assets of its printed circuit technology business (Teledyne PCT) to Firan Technology Group Corporation for $9.3 million. The deal is expected to close in the second quarter of 2016.
Based in Hudson, New Hampshire, Teledyne PCT designs and manufactures rigid-flex printed circuit boards and assemblies for the defense, aerospace, and oil & gas industries. The business has averaged between $15 million to $20 million in annual revenue for the past three years.
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