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Teledyne acquires minority stake in Optech

Toronto, Canada: Optech Inc., manufacturer of advanced LiDAR and camera survey instruments, announced that Teledyne DALSA, Inc., a subsidiary of Teledyne Technologies Inc., has acquired minority interest in the parent company of Optech Inc. Teledyne Technologies is a provider of digital imaging products and software, aerospace and defence electronics, and engineered systems.

Don Carswell, CEO, Optech, said, “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 CEO 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 harbour infrastructure planning.”

Source: Optech