Teledyne Technologies (NYSE:TDY) is now the owner a specialty laboratory products manufacturer. The company announced that subsidiary Teledyne Instruments has completed its purchase of SD Acquisition, a company doing business as CETAC Technologies. Teledyne described its new asset as "a leading designer and manufacturer of automated sample handling and sample introduction equipment for laboratory instrumentation." The terms of the deal, which was agreed to in mid-August, were not made public.
The acquisition is the latest in a series of buys for Teledyne this year. This past May, another subsidiary of the company, Teledyne DALSA, bought fabless semiconductor specialist Axiom IC.In January, Teledyne reached an agreement to acquire Denmark-based marine acoustic 3-D imaging-software company RESON A/S.
Fool contributor Eric Volkman has no position in Teledyne Technologies. Nor does The Motley Fool. 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.