Digital imaging and instrumentation specialist Teledyne Technologies (NYSE: TDY) announced today that a subsidiary has purchased inertial measurement systems maker C.D. Limited, whose gyrocompasses, attitude and heading reference systems, and inertial navigation systems are used in subsea applications where space is tight, such as onboard remotely operated vehicles.
Noting that Teledyne current uses C.D. Limited instrumentation along with those of other similar companies, Teledyne Chairman, President, and CEO Robert Mehrabian said: "As a combined company with complementary technology and greater global reach, our goal is to accelerate the development and deployment of these systems for our subsea oil and gas customers. The addition of CDL to our marine instrumentation portfolio provides an exciting opportunity to deliver integrated systems and solutions utilizing the wide range of Teledyne products to satisfy a broad spectrum of marine applications."
C.D. Limited also offers advanced control and monitoring technologies for subsea infrastructure and engineering activities. It will operate under the name Teledyne CDL Limited. Terms of the transaction were not disclosed.