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Teledyne Successfully Acquires 3M’s Gas and Flame Detection Business

Teledyne Technologies has successfully completed the previously announced acquisition of the gas and flame detection business of 3M for $230 million in cash.

The gas and flame detection business includes Oldham, Simtronics, Gas Measurement Instruments (GMI), Detcon and selects Scott Safety products.

The gas and flame detection business provides a portfolio of fixed and portable industrial gas and flame detection instruments used in a variety of industries including petrochemical, power generation, oil & gas, food & beverage, mining and wastewater treatment.

These rugged trace gas analyzers feature fast response time, intrinsically-safe sensors and satisfy multiple international certification standards.

“We are excited to welcome this new core business and its employees to Teledyne. The gas and flame detection business utilizes similar technology and serves related markets as our portfolio of environmental instrumentation businesses. However, our respective products do not compete and we generally serve customers in complementary geographies,” said Robert Mehrabian, Executive Chairman of Teledyne.

Teledyne management expects the transaction to be accretive to GAAP earnings per share in the first year after the acquisition.

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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