Teledyne Technologies Incorporated (NYSE:TDY) entered into an agreement to acquire ETM Electromatic Incorporated on October 26, 2022. Teledyne will also acquire ETM?s purpose-built manufacturing facility from an affiliate of ETM and its owners.

Teledyne Technologies Incorporated (NYSE:TDY) completed the acquisition of ETM Electromatic Incorporated for $87.7 million on October 28, 2022. Teledyne paid consideration of approximately $87.7 million in cash, net of cash acquired and subject to certain adjustments.