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Teledyne increases ownership stake in Optech to 51 pc

Toronto, Canada: Optech Incorporated, a manufacturer of LiDAR and camera survey instruments, announced that Teledyne DALSA, Inc., a subsidiary of Teledyne Technologies Inc., acquired a majority interest in the parent company of Optech Inc.

Through a press release, Don Carswell, CEO of Optech stated, “The investment demonstrates Teledyne’s commitment to further growth at Optech, as well as our company’s technology, clients and markets. We will continue to offer our clients the latest in imaging technology survey solutions, and Optech products will be enhanced by having a closer relationship with the Teledyne companies who work in complementary areas.”

“Optech’s LiDAR systems, which produce detailed 3D images, add a new level of capability to Teledyne’s portfolio of visible, infrared, X-ray and ultraviolet sensors, cameras and software,” said Robert Mehrabian, Chairman, President and CEO of Teledyne. “In addition, Optech’s bathymetric LiDAR systems used for coastal zone mapping and shallow water profiling are highly complementary with our marine survey sensors and systems.”

Source: Optech