Teledyne takes Tekmar

Teledyne Technologies Incorporated announced today that it has acquired Tekmar, a manufacturer of gas chromatography introduction systems and automated total organic carbon analysers.

Teledyne Technologies Incorporated announced today that it has acquired Tekmar, a wholly owned subsidiary of Emerson Electric. Tekmar, also known as Tekmar-Dohrmann, is a manufacturer of gas chromatography introduction systems and automated total organic carbon analyzers. Terms of the transaction were not disclosed.

Tekmar-Dohrmann, located in Mason, Ohio, will become a business unit of Teledyne Instruments, a group of electronic instrumentation businesses within Teledyne’s Electronics and Communications business segment.

Tekmar’s product lines include a portfolio of front-end instruments that handle the sample preparation and treatment of volatile organic compounds analysed in gas chromatographs. Tekmar also provides complete analytical systems for laboratory and industrial testing of total organic carbon.

‘Tekmar’s products expand Teledyne’s existing offerings in environmental monitoring and provide entry into the laboratory water quality testing market,’ said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. ‘This is our third acquisition in the environmental instrumentation area in the past 18 months. These acquisitions are consistent with our strategy of enhancing growth in market segments where we have strong competitive positions by acquiring highly complementary businesses.’

Tekmar, which will be renamed Teledyne Tekmar Company, had sales of $22.5 million for the fiscal year ended in September 2002. Teledyne Technologies expects the acquisition of Tekmar to be accretive to earnings in 2003.