Teledyne Technologies has agreed to acquire LeCroy in a deal valued at $291m.
LeCroy, which supplies oscilloscopes and signal analysers, will be merged into Teledyne, a more broad-based instrumentation firm and defence systems supplier.
"LeCroy will broaden our portfolio of analytical instrumentation businesses by adding a leader in electronic test and measurement solutions," said Dr. Robert Mehrabian, chairman, president and CEO of Teledyne. It is significant that Teledyne's indium phosphide (InP) process technology used for very high frequency mixed-signal devices. These could be used as even higher frequency front-end devices than the silicon germanium (SiGe) front-end ICs fabbed on IBM's 8HP process and used in LeCroy's fastest scope the 60GHz LabMaster 10 Zi."We believe Teledyne can help us accelerate our high-end oscilloscope programs to deliver real-time bandwidth well beyond 100GHz by utilizing Teledyne's leading InP technology," said Thomas Reslewic, president, CEO of LeCroy.
"Furthermore, through a combination of Teledyne's microwave and mixed signal design capabilities with LeCroy's signal processing expertise, as well as our respective market channels, we envision growing our markets and adding new products such as signal generators and multi function instruments," said Reslewic.
LeCroy, which has 500 employees, has annual sales in 2011 of approximately $178.1m.
