Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 301

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 301
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 not effective until after December 29, 2024 are not expected to have a material effect on the Company’s consolidated financial position, annual results of operations and/or cash flows.

Note 3. Business Acquisitions

2024 AcquisitionsAdimecDuring the second quarter of 2024, the Company acquired Adimec Holding B.V. and its subsidiaries (“Adimec”) for $88.7 million in cash, net of cash acquired, and subject to certain adjustments.  Adimec, founded in 1992 and headquartered in Eindhoven, Netherlands, develops customized high-performance industrial and scientific cameras.  Adimec is part of the Digital Imaging segment.  Goodwill resulting from the Adimec acquisition will not be deductible for tax purposes.ValeportDuring the second quarter of 2024, the Company acquired Valeport Holdings 2019 Limited and its affiliates (“Valeport”) for $35.0 million in cash, net of cash acquired, subject to certain adjustments.  Valeport, founded in 1969 and headquartered in Totnes, United Kingdom, designs and manufactures underwater sensors for environmental, energy, construction and defense applications.  Valeport is part of the Marine Instrumentation product line within the Instrumentation segment.  Goodwill resulting from the Valeport acquisition will not be deductible for tax purposes.2023 AcquisitionsXena NetworksDuring the fourth quarter of 2023, the Company acquired Xena Networks ApS and affiliates (“Xena Networks”) for $24.2 million in cash, net of cash acquired, and subject to certain adjustments.  Xena Networks, headquartered in Denmark, is a leading provider of high-speed terabit ethernet validation, quality assurance, and production test solutions.  Xena Networks is part of the test and measurement instrumentation product line within the Instrumentation segment.  Goodwill resulting from the Xena Networks acquisition will not be deductible for tax purposes.ChartWorldDuring the first quarter of 2023, the Company acquired ChartWorld International Limited and affiliates (“ChartWorld”) for $53.5 million in cash, net of cash acquired, and subject to certain adjustments.  ChartWorld, headquartered in Cyprus, with additional locations in Germany, Singapore, Canada and Japan, is a provider of digital marine navigation hardware and software provided through an affordable subscription-based model.  ChartWorld is part of the Digital Imaging segment. Goodwill resulting from the ChartWorld acquisition will not be deductible for tax purposes.2022 AcquisitionsETMDuring the fourth quarter of