Optech Incorporated, the world’s leading manufacturer of advanced lidar and camera survey instruments, is pleased to announce that Teledyne DALSA, Inc., a subsidiary of Teledyne Technologies Incorporated, has acquired a minority interest in the parent company of Optech Incorporated. Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne DALSA is located in Waterloo, Ontario, near Optech headquarters.
“We are pleased to have Teledyne as a strategic investor in the company,” said Optech CEO Don Carswell. “Ranging from Teledyne DALSA’s CCD sensors that we currently use to Teledyne’s presence in the imaging, environmental and marine markets, we see Teledyne contributing to Optech’s growth and profitability.”
“Optech’s three dimensional lidar-based imaging systems are complementary to Teledyne’s growing line of X-ray, UV, visible and infrared sensors, cameras and software,” said Robert Mehrabian, chairman, president and chief executive officer of Teledyne. “In addition, we were attracted to Optech’s presence in the environmental, energy and marine domains, where Optech’s lidar systems are used for flood plain and coastal zone mapping, servicing power and gas lines, and land and harbor infrastructure planning.”
Optech Announces Teledyne Minority Stake
April 1, 2011