Teledyne (NYSE: TDY) to acquire TransponderTech

Teledyne Technologies Incorporated (NYSE: TDY) announced it has entered into an agreement to acquire the TransponderTech business from Saab AB. The acquisition includes a portfolio of commercial maritime products featuring Automatic Identification System (AIS), VHF Data Exchange System (VDES), and Global Navigation Satellite System (GNSS) technologies.

Based in Sweden, TransponderTech provides SOLAS (Safety of Life at Sea)-certified communications and navigation solutions for commercial maritime, military, and airborne applications. The company manufactures solutions designed to counter GPS/GNSS jamming and spoofing threats in the maritime domain.

TransponderTech develops VDES transponders that offer enhanced security, expanded data exchange capabilities, and interoperability with low Earth orbit satellites for global coverage. The acquired business will become part of Teledyne FLIR’s Maritime group, which includes Raymarine, FLIR Marine, and ChartWorld.

“TransponderTech serves customers and markets familiar to Teledyne and designs and manufactures products that are complementary to existing Teledyne products,” said Grégoire Outters, Vice President and General Manager of Teledyne FLIR Maritime and Raymarine. “Adding TransponderTech’s business, employees, and advanced AIS, VDES, and GNSS technologies to Teledyne should enhance the safety, efficiency, and operational reach of our customers at sea.”