Teledyne Technologies Inc. announced that it has agreed to acquire e2v technologies plc for 275 pence per share, or an enterprise value of $789 million. e2v provides high performance image sensors and arrays, components, subsystems, and semiconductors for space, defense, healthcare, industrial, and communications applications. The company generated revenues of $289 million and adjusted EBITDA of approximately $64 million for the twelve month period ending September 30, 2016.
e2v was advised by Investec Bank plc and N M Rothschild & Sons while Teledyne was advised by Citigroup Global Markets Limited. The deal is expected to close in the first half of calendar 2017.
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