Teledyne Buys Micralyne

Teledyne Digital Imaging, Inc., a subsidiary of Thousand Oaks, Calif.-based Teledyne Technologies Incorporated (NYSE:TDY), acquired Micralyne Inc., an Edmonton, Alberta, Canada-based foundry providing Micro Electro Mechanical Systems or MEMS devices.

The amount of the deal was not disclosed.

In particular, Micralyne possesses microfluidic technology for biotech applications, as well as capabilities in non-silicon-based MEMS (e.g. gold, polymers) often required for human body compatibility.
MEMS devices, which contain miniaturized mechanical and electro-mechanical elements, are manufactured using microfabrication techniques and process expertise. Through Teledyne DALSA, Teledyne’s existing MEMS foundry in Bromont, Quebec, supplies major companies with high-volume MEMS manufacturing for a wide range of applications including consumables used in life sciences and semiconductor fabrication.

Led by Robert Mehrabian, Executive Chairman, Teledyne is a provider of instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Its operations are located in the United States, Canada, the United Kingdom, and Western and Northern Europe.

FinSMEs

03/09/2019