Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 77

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 77
---
 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 these acquisitions (in millions):2025AcquisitionsAcquisition DateConsideration Transferred (a)Goodwill AcquiredAcquired Intangible AssetsOS and AES businesses (Qioptiq)February 3, 2025$706.4 $451.0 $183.6 MicropacDecember 30, 202451.2 5.0 8.1 Total$757.6 $456.0 $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 $89.2 $25.7 (a) Net of cash acquiredThe Company’s cost to acquire these acquisitions was allocated to the assets acquired and liabilities assumed based upon their respective fair values as of the date of the completion of the acquisition.  The differences between the fair value of the consideration paid and the estimated fair value of the assets and liabilities acquired was recorded as goodwill.  The fair value of the acquired identifiable assets and liabilities for the OS and AES businesses (Qioptiq) and Micropac are provisional pending finalization of the Company’s acquisition accounting, including the measurement of tax basis in certain jurisdictions and the resulting deferred taxes