http://cdn.specpick.com/images/photonics/roper_wall.png712370
Teledyne Technologies has signed a definitive agreement to acquire the Scientific Imaging business of Roper Technologies for approximately $225 million in cash. Roper’s Scientific Imaging businesses include Princeton Instruments, Photometrics, Lumenera, as well as other brands.
Roper’s Scientific Imaging businesses provide a range of imaging solutions, primarily for life sciences, academic research and customized OEM industrial imaging solutions. Princeton Instruments and Photometrics manufacture state-of-the-art cameras, spectrographs and optics for advanced research in physical sciences, life sciences research and spectroscopy imaging. Applications and markets include materials analysis, quantum technology and cell biology imaging using fluorescence and chemi-luminescence. Lumenera primarily provides rugged USB-based customized cameras for markets such as traffic management, as well as life sciences applications.
These Scientific Imaging businesses, according to Teledyne, have similar capabilities and are highly complementary to its products and markets. Princeton Instruments and Photometrics will provide Teledyne new products serving life sciences customers and markets, while it will offer Lumenera greater opportunities in the industrial domain.
The transaction is anticipated to close in the first quarter of 2019, and is subject to customary closing conditions, including regulatory approval.
