Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 80

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 Qioptiq is part of the Aerospace and Defense Electronics segment.  The Company funded the acquisition from available borrowings on the credit facility as well as from cash on hand.  Goodwill resulting from the acquisition of the UK operations will not be deductible for tax purposes, but goodwill resulting from the acquisition of the U.S. operations will be deductible for tax purposes.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, UK, 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.The following tables show the purchase price (net of cash acquired), goodwill acquired, and acquired intangible assets for the Micropac, Qioptiq and the 2024 acquisitions (in millions):2025AcquisitionsAcquisition DateConsideration Transferred (a)Goodwill AcquiredAcquired Intangible AssetsQioptiqFebruary 3, 2025$702.8 $446.6 $183.6 MicropacDecember 30, 202451.2 5.0 8.1 Total$754.0 $451.6 $191.7 (a) Net of cash acquired2024AcquisitionsAcquisition DateConsideration Transferred (a)Goodwill AcquiredAcquired Intangible AssetsAdimecJune 4, 2024$88.7 $65.6 $17.9 ValeportApril 10, 202435.0 23.6 7.8 Total$123.7 $89.