Teledyne completes acquisition of TransponderTech from Saab

R6 AIS product with ocean background © TransponderTech

Teledyne Technologies Incorporated (NYSE: TDY) ("Teledyne") announced today the successful completion of the acquisition of the TransponderTech business from Saab AB. The newly acquired business Teledyne FLIR TransponderTech AB will join Teledyne's Raymarine, FLIR Marine, ChartWorld and Teledyne CARIS brands, broadening the group's maritime technology solutions.

Based outside of Linköping Sweden, the company will market its products and solutions as FLIR TransponderTech. The brand will continue to innovate and deliver leading Automatic Identification System (AIS), VHF Data Exchange System (VDES), and Global Navigation Satellite System (GNSS) technologies. Going forward, FLIR TransponderTech will be well-positioned to continue to pioneer maritime communication solutions for civil and military customers in shipping, marine traffic, airborne and space segments.

"We are delighted to welcome the TransponderTech team to the Teledyne family," said George Bobb, President and Chief Executive Officer. "From complete autonomous underwater vehicles to products and services for large Safety of Life at Sea (SOLAS) class vessels, maritime instrumentation and software for imaging, navigation, and safety are core markets for Teledyne. FLIR TransponderTech's communications and navigation solutions are highly complementary and further expand FLIR Marine's portfolio of industrial, military, and airborne technologies."

For more information, visit www.transpondertech.com.