Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 29

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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 $89.2 $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 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 that might arise from book and tax basis differences, if any.  Pro forma results of operations, the revenue and net income subsequent to the acquisition date, and a more detailed breakout of the major classes of assets and liabilities acquired for these acquisitions have not been presented because the effects of these acquisitions both individually and in the aggregate were not material to the Company’s financial results.  The significant factors that resulted in recognition of goodwill for the 2025 and 2024 acquisitions included the acquired businesses’ market positions, growth opportunities in the markets in which they operate, experienced work force and established operating infrastructures.  The results of these acquisitions have been included in Teledyne