Thousand Oaks, CA––Provider of electronic subsystems and instrumentation, Teledyne Technologies Incorporated (NYSE:TDY), announced that its subsidiary, Teledyne RD Instruments, Inc., has entered into an agreement to acquire BlueView Technologies, Inc. BlueView, located in Seattle, WA, provides compact, high-resolution acoustic imaging and measurement solutions. Terms of the transaction were not disclosed. The closing of the transaction, which is subject to various conditions including the approval of Blueview’s shareholders, is anticipated to occur on or about July 2, 2012.
BlueView delivers instrumentation for underwater vision, monitoring, survey, detection and navigation. Since its founding in 2005, BlueView has pioneered new technologies in compact forward-looking imaging sonar, microbathymetry systems and 3D scanning sonar. BlueView’s advanced sonar systems are currently deployed on autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), surface vessels, and fixed and portable platforms, and have been adopted by leading manufacturers and service providers to support mission critical marine operations.
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