There were no mixed signals in this acquisition.

Digital imaging and instrumentation specialist Teledyne Technologies (NYSE:TDY) announced that a subsidiary has purchased fabless semiconductor maker Axiom IC, whose high-performance CMOS mixed-signal integrated circuits are used in space systems, wireless communications, and automotive and medical technologies. 

Noting that it will be adding a set of skilled engineers to its employee roster, Teledyne Chairman, President, and CEO Robert Mehrabian said, "While continuing to serve external customers, Axiom will provide additional resources to benefit both our digital imaging and electronic test and measurement instrumentation businesses."

Subsidiary Teledyne DALSA, which makes digital imaging and MEMS products, finds the acquisition complementary to its existing business in CMOS image sensor design, high voltage driver chips for MEMS, and embedded software development. The subsidiary was established in 1980 and employs about 1,000 workers.

Headquartered in Enschede in the Netherlands, Axiom IC was founded in 2007 and is a spinoff from the country's University of Twente.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.