Teledyne Acquires OakGate Technology

Teledyne LeCroy, Inc., a subsidiary of Teledyne Technologies Incorporated (NYSE:TDY), acquired OakGate Technology, a Loomis, California-based provider of software and hardware designed to test electronic data storage devices from development through manufacturing and end-use applications.

The terms of the deal were not disclosed.

OakGate provides complementary software and hardware primarily focused on the test, validation and operating performance of solid state electronic storage media.

Teledyne LeCroy is a provider of protocol analyzers for a wide range of digital communications standards, such as Universal Serial Bus (USB), Peripheral Component Interconnect Express (PCI Express) and Gigabit Ethernet (GigE). Designed to generate, capture, and analyze high-speed communications traffic, Its tools allow developers to discover and correct persistent and intermittent errors and flaws in their product design.

Teledyne is a provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Its operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.



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